💨 Abstract

President Trump announced a 25% tariff on imported vehicles entering the US, effective April 2, aiming to boost domestic manufacturing. Trump stated the tariffs would be more generous than what US has received from other countries historically. He said all countries not cut off would be affected, with Asia being a particular focus due to trade imbalances. Trump predicts substantial profits for US car manufacturers, provided they operate domestically.

Courtesy: theprint.in

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