Many countries impose tariffs on U.S. cars, including pickup trucks, with rates varying significantly. For example, India has a tariff of 100% on imported cars, while countries like China have imposed tariffs as high as 40% on U.S. vehicles during trade disputes. Some nations, particularly those with protectionist policies, have tariffs exceeding 200% to safeguard their domestic auto industries.
Trump: "What we're gonna be doing is a 25 percent tariffs on all cars that are not made in the United States." pic.twitter.com/4GL68HRRJw
— unusual_whales (@unusual_whales) March 26, 2025
President Trump on Wednesday said he will put a 25% tariff on automobiles and light trucks imported into the U.S., escalating his administration’s use of aggressive trade measures in an effort to boost domestic manufacturers.
“This will continue to spur growth like you haven’t seen before,” Mr. Trump said from the Oval Office Wednesday afternoon. “We’ll effectively be charging a 25% tariff. But if you build your car in the United States, there is no tariff.”
Mr. Trump said the new auto tariffs will take effect on April 2 and that the U.S. would start collecting the duties the following day. The president added he believes the new import duty could raise between $600 billion and $1 trillion in revenue for the U.S. over the next two years.
“This number will be used to reduce debt greatly,” Mr. Trump said. “Basically I view it as reducing taxes and reducing debt.”
White House staff secretary Will Scharf, who stood next to Mr. Trump during the announcement, offered a more conservative estimate of how much the new auto tariffs would raise, predicting roughly $100 billion in new revenue.
https://www.cbsnews.com/news/trump-auto-tariffs-gm-ford-stellantis-car-prices/