Trump threatens fresh tariffs in wake of GM plant closures

US president Donald Trump has threatened to raise tariffs on imported cars, in the wake of General Motors' announcement that it would close up to five manufacturing plants in the USA. In a series of tweets, Trump said that plans to introduce car tariffs are currently being studied. Citing the existing 25 per cent tariff on imported small trucks, he claimed that if the same tariff applied to passenger cars, GM would not have closed its plants in Michigan, Ohio and Maryland.

Comments

Popular posts from this blog

2023 Porsche Taycan GTS review

2024 Toyota Yaris Cross updated in Europe with new tech, more hybrid power

Renault and Nissan production delays due to global cyber attack

Ineos Grenadier gets converted into a camper with Australian-made pop-top

2024 Toyota LandCruiser 70 Series facelift spy photo

2024 Mazda 3 update due this year with technology upgrade – report

New Hyundai Venue due in 2025 – report

CarAdvice on YourMoney, 27 February 2018: What's on this week's show?

2019 World Car Awards: Finalists announced