Source: International Business Times
US President Donald Trump has announced sweeping tariffs on automobile imports, taking effect April 3, 2025 AFP US President Donald Trump has launched a volley of tariffs impacting allies and adversaries this year, promising "Liberation Day" on Wednesday with action targeting countries that have persistent trade gaps with his country. What can we expect and what else is in the pipeline?Trump fired his first salvo in early February, announcing tariffs of up to 25 percent on goods from Canada and Mexico while demanding they do more to stop illegal immigration and the smuggling of the illicit drug fentanyl. While he postponed their implementation to March and later provided partial relief to aid the auto industry, the state of these exemptions after Wednesday remains unclear.
