White House Says A 25% tariff applies to autos and auto parts, in addition to any other duties or fees
A 25% tariff will be added to the existing 25% tariff on light trucks
Cars entering the U.S. under USMCA will be tariffed based on their foreign part content
Tariff revenues will be used to provide tax cuts for Americans
Congress is expected to pass a measure granting tax breaks to Americans who buy American cars
The goal is to move away from being an assembly line for foreign parts and restore U.S. manufacturing capability
No exemptions will be granted to other countries from auto tariffs
A 25% tariff will be added to the existing 25% tariff on light trucks
Cars entering the U.S. under USMCA will be tariffed based on their foreign part content
Tariff revenues will be used to provide tax cuts for Americans
Congress is expected to pass a measure granting tax breaks to Americans who buy American cars
The goal is to move away from being an assembly line for foreign parts and restore U.S. manufacturing capability
No exemptions will be granted to other countries from auto tariffs
