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Trump Announces 25% Tariffs on Foreign-Built Vehicles

Trump Announces 25% Tariffs on Foreign-Built Vehicles

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The United States has imposed a 25% tariff on all imported cars and car parts, effective April 2. This move has sparked concerns among the country's top trade partners, including Japan, the UK and Germany.

Donald Trump
Republican Party
1. This will continue to spur growth. We'll effectively be charging a 25 per cent tariff.
2. If the European Union works with Canada in order to do economic harm to the USA, large scale Tariffs, far larger than currently planned, will be placed on them both in order to protect the best friend that each of those two countries has ever had!
3. If you build your car in the United States, there is no tariff. What that means is that a lot of companies are going to be in great shape because they've already built their plant, but their plants are under-utilized (...) But others will come into our country and build here and are already looking for sites.
4. We are going to be very fair... we are going to be nice actually. We have not been treated nicely by other countries, but we are going to be nice. I think people will be pleasantly surprised but it's going to make our country very rich.
5. I'll probably be more lenient than reciprocal, because if I was reciprocal, that would be very tough for people.
6. It'll be, in many cases, less than the tariff that they've been charging us for decades.
7. We're going to charge countries (...) for taking our jobs and our wealth. They've taken so much out of our country, friend and foe. And frankly, friends have oftentimes been worse than foes.
8. We start off with a 2.5 per cent base, which is what we're at, and go to 25 per cent.
9. This will continue to spur growth like you haven't seen before.
White House
1. Foreign automobile industries, bolstered by unfair subsidies and aggressive industrial policies, have expanded, while US production has stagnated.
Eric Lombard
1. We are in a situation where we are being targeted. Either we accept it, in which case this will never stop, or we respond.
2. The only solution for the European Union will be to raise tariffs on American products in response.
3. These tariffs are a major step in the right direction for autoworkers and blue-collar communities across the country, and it is now on the automakers, from the Big Three to Volkswagen and beyond, to bring back good union jobs to the US.
Emmanuel Macron
Renaissance
1. Imposing tariffs disrupts value chains, creates an inflationary effect in the short term, and destroys jobs. So it's not good for the US or European economies.
Ursula Von Der Leyen
European Commission
1. The EU will continue to seek negotiated solutions, while safeguarding its economic interests.
2. I deeply regret the US decision to impose tariffs on European automotive exports.
Olof Gill
European Commission
1. What we will do from this stage on is prepare ourselves for, as I mentioned, a proportionate, firm, well-calibrated, well-timed response. We don't want to have to respond. But at the risk of sounding like my three-year-old son, they started it.
Rachel Reeves
Labour Party
1. We are looking at the zero-emission vehicle mandate, which is why some of … that money goes to Tesla, and looking at how we can better support the car manufacturing industry in the UK.
2. That's what we're working on. We've got a few more days left of those negotiations before these tariffs are due to come in.
Shigeru Ishiba
Liberal Democractic Party
1. Japan has made significant investments and significant job creation, which doesn't apply to all countries.

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