There is no confidence in the exemption of Trump's 25% car tariff. ITV News understands.

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The Trump administration expects a 25% tariff to generate $ 100 billion in sales.

ITV News understands that the government will secure a trade contract with the United States in order not to face Donald Trump's tariffs on individual vehicle imports.

On Wednesday, the US president announced 25 percent tariffs on all vehicles outside the United States, threatening to expand the global trade war.

In response to Trump's announcement, Rachel Reeves said the government was “negotiating with the United States.”

She added that the tariff would not come down, but I added that I don't think the trade war is good for anyone.

When she asked if she would impose tariffs on retaliation, Reeves insisted that she didn't want to see the tariffs on goods to the product to the United States.

“I don't want to see the tariffs, I don't want to see the tariff rises. I am now in that intense negotiations because I believe in public trade.

“Because I want to secure a job in the UK, I always think of national interests as the top priority, so there is no tariff on Tesla.”

Trump's new tariffs will be held on April 2 or “Liberation Day” called by the president.

ITV News understands that the government is optimistic.

Will Scharf's White House employees, the executive, predicted that the 25% tariff would earn $ 100 billion.

Trump said for a long time that tariffs on car income would be a policy for his presidential position.

About four of the five vehicles made in the UK are exported.

Industrial organizations' numerical motor manufacturers and traders associations show that the United States is the second largest export market since the European Union for automobiles built in the UK.

About 16.9%of British car exports were in the United States last year.

Jaguar Land Rover may be one of the most influenced by tariffs.

In Europe, some of the largest automotive manufacturers have fallen after the announcement.

Aston Martin, listed on the London Securities Exchange, saw the stock price dropped by about 6% on Thursday morning.

The stock of the German giant BMW group, including mini and Rolls Royce, fell by about 4%. Volkswagen Group, the parent company of Audi and Seat, fell by about 3%.

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The UK's auto industry criticized Trump's announcement as “amazing but disappointed.”

Mike Hawes, the chief executive of the motor manufacturer and the trader association (SMMT).

We must create opportunities for both UK and US manufacturers as part of mutual beneficial relationships that help consumers and create jobs and growth on both sides of the Atlantic rather than imposing new tariffs.

Hawes immediately gathered together on both sides to urge everyone to work effective.

The US and foreign automakers with domestic factories still depend on parts and completed vehicles in Canada, Mexico and other countries. In other words, sales can decrease as the price of cars can rise and it takes time for new factories to build.

Trump said on Monday that we will do a car that we know for a long time. For the next few days, I will announce it fairly. “

Canadian Prime Minister Mark Carney said Trump's car tariff on Wednesday is a direct attack on his country, and the trade war has harms Americans and the US consumer trust has passed.

Carney said this is a very direct attack. We will defend the workers. We will defend the company. We will defend our country.

Kani said he should see the details of the Trump administrative order before taking retaliation.

He previously announced a strategic response fund to protect Canadian car jobs affected by Trump's tariffs.

What is tariffs and why do Trump like to impose it? ITV news explains

Car is the second largest export in Canada. Carney mentioned that the division directly employs 125,000 Canadians and hires almost 500,000 people in the related industry.

He said Canada would be for car workers.

Trump has already made a 20%income tax for all China's income for Pentanil production.

Similarly, he has deployed 25%tariffs in Mexico and Canada and has a 10%low tax on Canadian energy products.

After the automaker's opposition and Trump provided a 30 -day Reprive to expire in April, some of the Mexico and Canadian tariffs, including auto taxes, were suspended.

The president also imposed a 25%tariff on all steel and aluminum imports, eliminating tax exemptions for metals in early 2018.

We also plan tariffs on computer chips, pharmaceutical drugs, wood and copper.

When the European Union retaliated with a 50%tariff plan for the American spirit, Trump plans to deploy 25%tariffs to countries importing oil from Venezuela even if the United States imports oil from the country.

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