The Trump administration has imposed a 25% global tariff on imported cars and parts, starting April 2025, aiming to boost U.S. auto manufacturing. However, experts warn it will raise vehicle prices, disrupt supply chains, and strain international trade ties.
Car prices could rise by $4,000–$10,000, production may drop by 30%, and annual vehicle sales could fall significantly. Major automakers like GM, Ford, and Nissan are already affected, with some halting orders or closing plants.
The move has angered key allies like the EU, Canada, and Mexico, who are planning retaliatory tariffs. Economists say the tariffs may trigger inflation, hurt manufacturing, and risk pushing the U.S. toward a recession.
Source – CGTN
You can listen to the programs organized by MI Radio on Google Podcast, Apple Podcast and Spotify.
You can download MI Radio application on Google Play Store and Apple App Store.
