US President Donald Trump has announced that 25% tariffs will be imposed on all foreign cars imported in the US. At the same time, the US President has also made it clear that the decision of this tariff is permanent. Trump said that America will effectively impose 25% tariffs on all the cars which are not made in the country. He said, but if you make your car in America, then there will be no tariff on it.
The decision to impose this new import duty will be applicable from April 2 and its recovery will start from 3 April.