February 14, New York (Reuters) – In an effort to change international trade, President Donald Trump continued his drumbeat of tariff threats on Friday, announcing that charges on cars would be implemented as early as April 2. This comes the day after cabinet members are expected to present him with studies detailing options for a variety of import duties.
The day after members of his cabinet are scheduled to present him with studies detailing alternatives for a variety of import tariffs as part of his efforts to restructure international commerce, President Donald Trump continued his drumbeat of tariff threats on Friday, announcing that levies on cars would be implemented as early as April 2. It was the most recent in a long list of trade initiatives that Trump has announced since he was elected president for the second time on January 20.
In addition to the levies already in place, he declared and then postponed for a month 25% tariffs on Mexican goods and non-energy imports from Canada, imposed a 10% tariff on all imports from China since his inauguration, set a start date of March 12 for 25% tariffs on all imported steel and aluminium, and on Thursday instructed his economics team to develop plans for reciprocal tariffs on all nations that impose import taxes on the United States.
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