In significant development, US President Donald Trump announced 25 % of tariffs on overseas automatic imports. The tariffs will be stored on cars and light trucks imported to the USA from April 2 and a car from cars from 3 May. According to the White House, it will strengthen home production. Trump said, “This will continue to stimulate growth. We will effectively charge 25 % tariff.”
This step has received Flak around the world with various countries such as Canada, Japan and South Korea, including the European Union. Trump, which says “this is permanent”, believes that this could lead to factory opening in the United States and eliminate what it calls a “ridiculous” supply chain including the United States, Canada and Mexico.
“Direct Attack on Canada”
Canadian Prime Minister Mark Carney responded to Trump’s automobile tariff as a “direct attack” on his country. He said the trade war affects Americans and the US confidence of consumers has been declining for a long time. “We will defend our workers. We will defend our companies. We will defend our country. Canada will be there for car workers. He (Trump) wants to break us so America can own us.
Japan considers appropriate measures’
Japanese Prime Minister Shiger Ishiba said his government after American tariffs on the import of cars Mullenga “suitable measures”. “After this announcement, we have to think about appropriate measures. We will naturally consider all options. Japan has made significant investments and significant creation of jobs that do not apply to all countries … We are number one (country) in investment in the United States,” Ishiba said.
He added: “Understanding the US President is significantly deepening. Shares in Japanese automobile giants fell strongly. Mitsubishi Motors recorded down 4.5 %, while Mazda and Subaru dropped by 5.9 and 6.1 %.
“EU is looking for negotiated solutions”
The President of the European Commission Ursula von der Leyen killed Trump’s latest move and warned that it could expand the tension of trade. According to reports, she said, “I regret the US decision to store tariffs on European automation exports.” The EU will require negotiations in the protection of its economic interests, she said. “As the main business force and a strong community of 27 Member States, we will jointly protect our workers, businesses and consumers throughout our European Union,” added von der Leyen.
“South Korean cars will not fight themselves in the middle of global uncertainty”
Minister of Industry of South Korea AHN Duk-Geun said at a meeting with officials on Thursday: “Global uncertainties are growing, but South Korean automobile societies will not fight by themselves. The government will consider financial assistance, investment support and assistance with market diversification.” After the announcement of Trump Hyundai in South Korea, 2.7 %dropped in South Korea.
(Tagstotranslate) the United States Tariff (T) United States (T) Automatic Imports (T) Canada (T) European Trade Unions (T) Japan (T) South Korea (T) Global (T) Auto Tarif
