United States President Donald Trump confirmed this Wednesday, March 26, that the imposition of tariffs on vehicles not manufactured in the United States is a reality and will soon take effect.
According to information shared by the president's team, this is a 25% tariff that will be in effect starting April 2 and will begin to be collected the following day on "all cars not manufactured in the United States."
As previously implied, cars manufactured in the United States will not be subject to this tariff. It is worth mentioning that this information was presented in a presidential proclamation signed by Trump in the Oval Office.
White House advisor Will Scharf reaffirmed President Trump's executive order and clarified that it is in addition to the tariffs already in effect, adding that this tax supports the collection of "more than $100 billion in new annual revenue" for the United States.
For her part, European Commission President Ursula von der Leyen responded to this measure, promising that the European Union "will continue to seek negotiated solutions while safeguarding its economic interests."
Furthermore, automotive stocks fell in after-hours trading following Trump's announcement, including shares of General Motors, Stellantis, and Ford Motor, which lost approximately 5% in after-hours trading.