Trump Advances Auto Tariffs, Escalating the Trade Conflict
US President Donald Trump has announced a 25% tariff on imported cars and light trucks set to take effect next week, further escalating the global trade tensions he initiated upon returning to the White House this year. Industry experts anticipate this move could raise vehicle prices and hinder production capabilities.
"What we're going to be doing is a 25% tariff for all cars that are not made in the United States," Trump stated during a recent event in the Oval Office.
The President views tariffs as a strategic method to…