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

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

JLR: Consumer confidence on the rise post-election

Volvo ‘ES90’ electric sedan due next year

Donald Trump’s Lamborghini Diablo sets new auction price record

Honda confirms NSX successor in the works

Teacher accused of using rented Toyota Supra for land-speed record attempt

Tesla cars to be banned from Chinese government buildings amid security fears — report

How many cupholders are too many? | Drive Flashback

New Alfa Romeo 33 Stradale supercar unveiled with petrol and electric power

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