Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Al Mayadeen's correspondent: Three martyrs, injured in Israeli drone strike on phone charging station west of Khan Younis, southern Gaza.
Al Mayadeen's correspondent: Four martyrs, dozens of injured as IOF open fire on civilians near GHF facility west of Rafah, southern Gaza.
Lebanese Army: This may push Army to freeze cooperation with committee regarding investigating facilities.
Lebanese Army: Enemy's continued violations of agreement and its refusal to respond with implementation committee weakens committee, Army's role.
Lebanese Army: A number of patrols also headed to locations under threat to investigate them, despite enemy's refusal of proposal.
Lebanese Army: As soon as enemy announced its threats, Army began coordination with ceasefire committee to stop attack.
Lebanese Army: Aggressions took place on eve of holidays, in clear atttempt by enemy to disrupt recovery of our nation and positive atmosphere.
Lebanese Army: Occupation's violations have turned into a daily aggression against Lebanese sovereignty, as it flouts ceasefire mechanism and efforts by implementation committee.
Lebanese Army: [Israeli] enemy has recently escalated its aggressions on Lebanon, targeting civilians, residential buildings, and facilities in different areas.
Berri: It is our fate every Eid al-Adha to offer sacrifices in defense of Lebanon and its sovereignty, and the aggression will not prevent us from celebrating our holidays

Trump set to announce tariffs on auto imports

  • By Al Mayadeen English
  • Source: Agencies
  • 26 Mar 2025 23:57
  • 1 Shares
3 Min Read

The Center for Automotive Research has previously predicted that US tariffs, including those on metals and imported vehicles, could raise the cost of a car by thousands of dollars and harm the labor market.

Listen
  • x
  • Trump set to announce tariffs on auto imports
    US President Donald Trump speaks during a Cabinet meeting at the White House in Washington on February 26, 2025. (AP)

US President Donald Trump will impose tariffs on vehicle imports on Wednesday, according to the White House, escalating tensions with trading partners ahead of more charges anticipated next week.

White House Press Secretary Karoline Leavitt informed reporters that Trump will announce the "auto industry" tariffs in an address, but did not elaborate on their scope.

Since becoming president in January, Trump has slapped tariffs on imports from key US trade partners Canada, Mexico, and China, as well as a 25% charge on steel and aluminum imports..

The Guardian earlier reported that countries across Europe, Canada, and Scandinavia are turning their backs on American goods in protest, including European car buyers rejecting Teslas produced by Elon Musk.

He has already granted automakers a temporary respite from the taxes impacting North America

Financial markets wary

Uncertainty over Trump's trade intentions, as well as concerns that they would cause a slump, have roiled financial markets, and consumer confidence has fallen in recent months as a result of tariff fears.

Related News

US expects countries to provide offers in tariff talks by Wednesday

Tariffs weigh on US manufacturing for third straight month

Following Leavitt's statements, shares of major carmaker Ford fell 1.8 percent, while General Motors fell 1.9 percent.

In February, Trump announced that US taxes on imported autos would be "in the neighborhood of 25 percent."

Targeting imported autos may strain relations with nations such as Japan, South Korea, Canada, Mexico, and Germany, all of whom are important US allies. Approximately 50% of automobiles sold in the United States are built within the nation. Mexico and Canada account for almost half of imports, with Japan, South Korea, and Germany all contributing significantly.

The Center for Automotive Research has previously predicted that US tariffs, including those on metals and imported vehicles, could raise the cost of a car by thousands of dollars and harm the labor market.

Aside from the car industry, Trump has proposed sector-specific levies on medicines and semiconductors.
Wednesday's auto announcement comes ahead of April 2, which Trump has declared "Liberation Day" for the world's largest economy.

He has pledged reciprocal taxes on the date, customized to particular trading partners, to correct practices that Washington considers unfair.

It is uncertain if sector-specific tariffs will be announced on April 2, with the White House stating this week that the situation remains fluid.

Trump told reporters on Monday that he would "give a lot of countries breaks" in the future, but did not elaborate further.

As Trump's reciprocal tariff deadline approaches, US trade partners have stepped up discussions with Washington, with EU trade director Maros Sefcovic meeting with his American counterparts, Commerce Secretary Howard Lutnick and Trade Envoy Jamieson Greer.

On social media, Sefcovic stated that "the EU's priority is a fair, balanced deal instead of unjustified tariffs."

  • United States
  • Europe
  • Canada
  • Mexico
  • trade war
  • China
  • US tariffs
  • Donald Trump
  • automobiles

Most Read

Lebanon's PM Nawaf Salam meets with US envoy Morgan Ortagus in Beirut on April 5, 2025 (Dalati Nohra via AP)AP)

Morgan Ortagus to exit US role in Lebanon amid policy shift

  • Politics
  • 1 Jun 2025
A Palestinian woman mourns as she embraces the body of her daughter Mayar Abu Odeh, 8, who was killed in an Israeli army strike on Gaza. at Al-Shifa Hospital in Gaza City, Wednesday, June 4, 2025. (AP)

French port workers block arms shipment to 'Israel' amid Gaza genocide

  • Politics
  • 4 Jun 2025
It may well be due to the longstanding relationship between MI6 and HTS, via Inter Mediate, that Britain was the first Western country to recognise their assumption of government in Syria. (Al Mayadeen English; Illustrated by Zeinab El-Hajj)

How MI6 helped HTS seize Syria

  • Opinion
  • 31 May 2025
Palestinians struggle to get donated food at a community kitchen in Khan Younis, southern Gaza Strip, Monday, June 2, 2025. (AP)

Boston Consulting Group withdraws from GHF

  • Palestine
  • 3 Jun 2025

Coverage

All
War on Gaza

Read Next

All
Poll
Palestine

Sharp decline in international perception of 'Israel', Netanyahu: Poll

Ukrainian soldiers with the anti-drone KVS G-6, manufactured by Kvertus Technology.Territorial Defense Forces of the Armed Forces of Ukraine/Facebook
US & Canada

Shift in US priorities: Drone fuzes reallocated from Kiev to CENTCOM

US Jews accuse Trump of antisemitism despite his pro-'Israel' stance
US & Canada

US Jews accuse Trump of antisemitism despite his pro-'Israel' stance

Former US President Joe Biden speaks from the Oval Office of the White House in Washington, Sept. 30, 2024 (AP/Mark Schiefelbein)
US & Canada

Trump orders investigation into Biden’s autopen use, cognitive fitness

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS