After months of wrangling, Trump has finally made his final decision.
Last February, he insisted on imposing a 25% tariff on automotive imports by April 2, but the latest report suggests that the move may be delayed.
Now, there is no more compromise!
Trump has slammed the automotive industry with a hefty 25% tariff on all foreign brands – a move that will shake the global economy.
The tariff is scheduled to take effect on April 2, with tax collection starting on April 3.
$100 billion in taxes are promised, but who will really bear the burden?
In reality, the people may receive an even bigger blow.
Car prices are expected to soar to $12,500 – a huge burden for consumers who are already struggling with the cost of living.
As soon as the announcement was made this morning, the market reacted immediately with GM shares falling 3%, Stellantis falling 3.6%, while Ford barely moved.
Meanwhile, Canada and the EU are furious, hinting at a trade war that could rock the global economy.
Trump is adamant – no ‘U-turn, no compromise!
But with other countries preparing to retaliate, is this a genius strategy or a move that will bring the American economy to the brink of collapse?
