President made announcement days before he is expected to unveil reciprocal tariffs on other imported goods Donald Trump announced plans to impose sweeping 25% tariffs on cars from overseas on Wednesday, days before the president is expected to announce wide-ranging levies on other goods from around the world. “What we’re going to be doing is a 25% tariff for all cars that are not made in the United States,” Trump said in the Oval Office. “We start off with a 2.5% base, which is what we’re at, and go to 25%.” Continue reading...