Donald Trump to impose a 25% price on cars imports

The United States will impose prices of 25% on imports of foreign manufacturing cars, said Donald Trump on Wednesday, when he announced a significant escalation in his trade war with the allies of the Americas.

The prices will come into force on April 2, the deadline self-imposed on the American presidents for having revealed many reciprocal rates against American trade partners.

This is the start of the Liberation Day in America, Trump said in the oval office on Wednesday evening. If you build your car in the United States, there will be no price.

When asked if there was something that car manufacturers could have the prices removed, Trump replied: it is permanent, 100%.

The president offered a stay to the industry this month when he temporarily exempt all the goods in accordance with the commercial agreement of the 2020 Mexico-Mexico Agreement from new rates.

Trump has not described such exemptions. For the most part, I think it will lead cars to do in the same place, he said.

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An American official later confirmed that prices would apply to automotive parts as well as completed vehicles. An information sheet on the White House said that the parts subject to prices would include engines, transmissions, parts of electric trains and electrical components.

The manager added that the 25% levy would apply in addition to any other price.

The cars that have reached the commercial conditions of the USMCA and entered the United States would only face a price on their foreign documents, said an American official. The parts entering the United States under the USMCA will face 25% samples from their non-American content once a process is developed to calculate them, according to the information sheet.

Income would use to give the highest tax reduction in American history, said an American official. Equal tariffs of tax reductions.

The White House invoked a 1962 national security law to apply the prices, arguing that the country's industry was vital for national security and was undermined by excessive imports threatening national industrial chains and industrial supply chains.

Car manufacturers have strongly launched against prices, arguing that they would cause upheavals of supply chains and increase the prices of American consumers.

Generalmotors' shares slipped 7% of exchanges after opening hours on Wednesday, while the actions listed in the United States of Chrysler Parent Stellantis dropped by 4%, according to FostSet Data. Ford slipped around 5%.

The actions of Japanese car manufacturers, which sent $ 40 billion in cars to the United States in 2024, dropped while trade began in Asia on Thursday. Subaru and Mazda led the Fallers to more than 5%. Mitsubishi Motors fell 4% and Toyota and Nissan fell by almost 3%.

According to Bernste analyst, Daniel Roeska, almost half of the vehicles sold in the United States are imported and cars assembled in the United States contain almost 60% of foreign parts.

A 25% [tariff] on automotive imports that last beyond four to six weeks would likely have a scary effect on the entire sector as [original equipment manufacturers] Need to combat a significant impact on net profit, he said.

Jessica Caldwell, information manager of the Automobile Research Company Edmunds, said that vehicle prices were to increase while car manufacturers have adopted additional costs to consumers.

The largest source of imports of vehicles in the United States is Mexico, which sent 2.77 million cars across the border in 2024, the vast majority without a price under the USMCA. Prices could be a devastating blow for the economy of Mexico, where 1 million people are directly employed in a sector which represents around 4% of GDP.

Canadian manufacturers have also criticized this decision, while Canadian Prime Minister Mark Carney said his government would use revenue generated by reprisal prices to protect vulnerable workers and businesses.

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This is a direct attack on the workers I was in front of this morning at the Ambassador Bridge [linking Canada and the US]A bridge that is the symbol, and a reality so far, tight links of our two countries, Carney told journalists on Wednesday evening.

Ursula von der Leyen, president of the European Commission, said that the block regretted this decision.

We will now assess this announcement, as well as other measures that the United States are considering the next few days, she said. The EU will continue to seek negotiated solutions, while protecting its economic interests.

The United Auto Workers Union praised the prices. The end of the race down in the automotive industry begins with the resolution of our broken commercial offers, said Shawn Fain, president of the UAW.

Trumps' announcement was the last in a series of prices he has deployed since his return to functions in January, including an additional 20% levy on all the goods in China and 25% on all imports of steel and aluminum.

This week, Trump said the United States would apply 25% prices to all goods from countries that bought oil and Venezuelan gas from April 2.

Additional reports by Andy Bounds, Ilya Gridneff and Christine Murray

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