Tariffs on Imported Cars and Car Parts

SOURCE www.npr.org
President Trump announced new 25% tariffs on imported cars and car parts to boost auto manufacturing in America and increase government revenue.

Key Points

  • 25% tariffs on imported cars and car parts announced by President Trump
  • Intended to encourage more auto manufacturing in America
  • Aims to increase government revenue

Pros

  • Move more auto manufacturing back to America
  • Boost government revenue