Donald Trump takes to the tariff hammer!
Reading Time: 6 minutes
Trump demands foreign automakers to relocate their production to the USA Trump stated that they would begin with the current tariff rate of 2.5% and then gradually increase it. In this way, the USA aims to collect 100 billion USD per year, with projections of an increment of up to 1 trillion USD in the coming years. For car producers outside the USA, this step means that they either have to significantly increase the price of their cars or absorb the tariffs themselves – an approach that would ruin their business. Trump demands that automakers...
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