Trump announces new 25 percent tariff on all cars made outside the U.S.
President Trump signed an executive order imposing 25% tariffs on imported cars on Wednesday.
“I think our automobile business will flourish like it’s never flourished before,” Trump said in remarks from the Oval Office.
The latest policy is yet another example of the president’s tariff-centric second-term economic agenda. Thus far, Trump has imposed tariffs on Chinese goods, steel and aluminum, and on some goods from Canada and Mexico. Trump also plans a wave of what he calls “reciprocal tariffs” to start April 2, which he has called “Liberation Day.” The taxes on imports have caused plummeting stock markets and consumer confidence, and have left businesses and consumers uncertain about what they want to invest in.
The Trump administration has given multiple rationales for these tariffs, but they have emphasized boosting manufacturing as the chief goal.
U.S. tariffs are paid to the government by businesses in the U.S. that are importing goods. Studies of tariffs imposed in Trump’s first term have shown they were overwhelmingly paid by U.S. businesses and consumers. White House officials have said that foreign companies will lower their prices to compensate for tariffs, essentially eating the cost. However, when asked by NPR, the officials provided no data to support this.
Trump’s tariff policy has been chaotic throughout this presidency. In addition to the tariffs already imposed, he has threatened still more tariffs on a range of goods from around the world, at times announcing a tariff only to then delay or retract it.
Earlier this week, Trump floated what he called a “secondary tariff” of 25 percent on goods from any country buying oil or gas from Venezuela.
The president has said he will also impose “reciprocal tariffs”, which he has described as being equal to tariffs other countries impose on U.S. goods. However, the White House has given few specific details on what those reciprocal tariffs will look like. The latest automobile tariffs go into effect April 3 according to Trump.
AI’s getting better at faking crowds. Here’s why that’s cause for concern
Odd fingers and faces in the crowd of a recent Will Smith concert video led to suspicions of AI. But AI is improving fast, and there are serious implications for how "fake" crowds might be coopted.
Sarah Mullally named first woman Archbishop of Canterbury
Sarah Mullally has been named as the new Archbishop of Canterbury, becoming the first woman to be chosen to lead the world's 85 million Anglicans.
What to know about former U.K. leader Tony Blair, tapped by Trump for postwar Gaza role
As Britain's prime minister, Tony Blair succeeded in negotiating peace in Northern Ireland in 1998. Five years later, he joined the U.S.-led invasion of Iraq — sullying his reputation ever since.
A public broadcaster’s path after losing U.S. funds: Youth sports and less local news
South Dakota Public Broadcasting says there's an ironic result to President Trump's successful attack on public media: It will have to rely more on NPR programs.
Even a government shutdown can’t stop the quiz. Can you score 11?
This week's quiz also features bears.
Memphis sees opportunity in Trump’s plans for federal intervention
Many in Memphis acknowledge that crime in the city is a real problem. And while President Trump's federal intervention might not be their ideal way to handle it, they're hoping it can provide some much-needed relief.
