US to impose 25% tariff on all imported cars since April 3 — Trump

The US administration will impose a 25% tariff on all imported cars starting from April 3, US President Donald Trump announced.

"None of our companies are allowed to go into other countries. And I say that friend and foe, and in many cases, the friend is worse than the foe in terms of trade, but such horrendous imbalances have devastated our industrial base and put our national security at risk. I don't blame these other countries at all for this calamity. I blame former presidents and past leaders who weren't doing their job. They let it happen, and they let it happen to an extent that nobody can even believe. That's why, effective at midnight, we will impose a 25% tariff on all foreign-made automobiles," he told reporters at the White House.

"Until today, the United States has for decades, charged a 2.5% tariff. Think of that 2.5% on foreign-made automobiles. The European Union charges us more than 10% tariffs, and they have 20% VAT [value-added tax]," Trump said.

In his words, US carmakers also face serious trade restrictions in India, South Korea and Japan.

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