On February 19, US President Donald Trump announced the announcement of tariffs on cars, semiconductors, timber and pharmaceuticals next month or sooner.
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| US President Donald Trump announced that he will impose tariffs on cars, wood... (Source: Carscoops) |
These tariffs are intended to reduce the US trade deficit, boost domestic production and achieve other policy goals.
“I will be announcing tariffs on cars, semiconductors, chips, drugs, pharmaceuticals, possibly lumber and other items in the next month or so,” Trump said. “This will have a major impact on the United States.”
Reiterating that companies that do not manufacture goods in the United States will face tariffs, the White House boss stated: "We are bringing businesses back. If they do not manufacture products in the United States, they simply pay the tariff.
If they make their products in the United States, they don't have to pay any tariffs. That would bring... trillions of dollars into our treasury, or there would be no tariffs at all because we want a fair platform."
In fact, Mr. Trump has long criticized what he calls unfair treatment of the world's largest economy's auto exports in foreign markets.
For example, the European Union (EU) levies a 10% tax on imported cars, four times the US passenger car tax of 2.5%.
A 25% auto import tariff would be a turning point for the global auto industry, which has been reeling from the uncertainty caused by Mr Trump's tariff policies.
The plan to impose tariffs on cars will cause concern for some manufacturers in Japan, Germany and South Korea.
Source: https://baoquocte.vn/ong-trump-co-buoc-di-giup-ngan-kho-my-tang-nghen-ty-usd-danh-sach-ap-thue-cua-washington-dai-them-304942.html
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