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News in English (USA) / 26.03.2025 / 19:00

Trump to Announce New Auto Tariffs, Industry Bracing for Impact

In a significant escalation ahead of an impending deadline, President Trump is scheduled to announce new tariffs on foreign automobiles during a White House news conference. The announcement, anticipated to take place in the afternoon, has prompted automakers to expedite shipping vehicles to the U.S. as they brace for the potential fallout. Industry leaders are concerned that these tariffs could lead to a decrease of up to 700,000 in U.S. auto sales by 2025, exacerbating financial pressures amid uncertainties surrounding a recession. The tariffs may particularly strain Connecticut car dealerships and American car manufacturers, as they navigate the complexities of compliance and potential job cuts. With Trump reportedly drawing on a 2019 investigation to justify these measures, the auto industry faces a turbulent period ahead.
CNBC, CNN, The New York Times, Bloomberg, USA TODAY, The Associated Press, Yahoo Finance, Detroit Free Press, Forbes, Reuters.com