U.S. President Donald Trump said Wednesday he was placing 25% tariffs on all auto imports, a move the White House claims will foster domestic manufacturing. However, experts say the tariffs could also put a financial squeeze on U.S. automakers that depend on global supply chains.
Car expert explains impact of newly announced Trump tariffs
U.S. President Donald Trump said Wednesday he was placing 25% tariffs on all auto imports, a move the White House claims will foster domestic manufacturing. However, experts say the tariffs could also put a financial squeeze on U.S. automakers that depend on global supply chains.