Trump Ignites Global Trade War with 25% Tariff on Imported Cars
2025-03-26
ABC News
In a move that's expected to escalate the global trade war, President Donald Trump announced plans to impose a 25% tariff on all imported cars. This decision comes just weeks after previous tariffs sparked a market downturn and triggered widespread concerns among investors. The new tariffs are likely to affect major automobile manufacturers and could lead to higher prices for consumers. As the trade war intensifies, experts predict a significant impact on the global economy, with potential consequences for international trade and commerce, including increased prices and reduced market growth, amid the ongoing economic uncertainty.