The new tariffs are expected to raise the annual tax revenue in the country by $ 100 billion.
They are planned to enter into force on April 2 and apply to both cars, light trucks and important car parts such as engines and transmissions, the president announced on Wednesday.
– Customs apply to all cars that are not manufactured in the United States. If they are manufactured in the United States, there will be no fee at all, says Trump shortly before signing in the White House.
However, there is an exception: China.
Donald Trump has promised that he “rescue Tiktok” by finding an American buyer for the social media platform, which is currently owned by Chinese prey dance.
– With respect for Tiktok, where China will have to play a role, possibly in the form of approval, I may give them a little reduction in customs to get it done.
Von der Leyen: “deeply regrets”
EU Commission President Ursula von der Leyen states that she regrets the US decision to impose customs duties on EU vehicle exports.
“As I have said before, tariffs are taxes – bad for companies, worse for consumers in both the US and the EU,” writes von der Leyen in a statement of X.
She adds that the EU will continue to seek solutions through negotiation, while protecting its financial interests.
Free trade agreements are spared
At the beginning of March, the White House gave the large American vehicle manufacturers a month’s respite from the 25 percent customs duties on imported goods from Canada and Mexico to protect American business.
“We will give a month’s deferral for all vehicles coming in via the USMCA (free trade agreement between the United States, Mexico and Canada),” said White House Press Secretary Karoline Leavitt.
White House Deputy Press Secretary Harrison Fields writes on X Following the new customs notice that car parts within the free trade agreement USMCA will currently remain duty -free.