Donald Trump Tarrif News: Donald Trump imposed 25% tariff on foreign vehicles, US has a profit of $ 100 billion.

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Donald Trump Tarrif News: US President Donald Trump has announced 25% tariff on foreign vehicles in the US. This is expected to have a tax collection of $ 100 billion. This promotes domestic manufacturing …Read more

25% tariff on foreign cars in US, how much benefit? Trump will also give relief to China

Trump’s new tariff bomb: 25% tax on foreign vehicles

Highlights

  • Foreign vehicles will be charged 25% tariffs in America.
  • It expects a tax collection of $ 100 billion.
  • Domestic manufacturing will be promoted.

Donald Trump Tarrif News: Donald Trump has created panic in making America great. Sometimes he breaks tariff bombs on other countries, sometimes he increases the stir by making a new rule in his own house. Now he has boiled a tariff bomb on the vehicles. Now in America, there will be 25 percent tariff on foreign cars. It was announced by Donald Trump himself. It is believed that this will lead to about $ 100 billion tax collection to America. US President Donald Trump said on Thursday that he is imposing 25 percent tariffs on imported vehicles. That is, whatever foreign vehicles will be in America, 25 percent tariff will be charged on it. The White House claims that this will promote domestic manufacturing. However, it can also put economic pressure on automobile companies that depend on the global supply chain.

Talking to the reporters, Donald Trump said, ‘This will promote growth. We will effectively charge 25 percent tariff. The White House hopes that this tariff will bring a revenue of $ 100 billion (860915000000 rupees) every year. However, this will not be so easy as American automobile companies also ask for components from all over the world. This tax hike starting from April means that automobile companies may have to pay a higher price and reduce their sales. However, Trump argues that tariffs will open more factories in America and according to them the absurd supply chain will end. In which auto parts and entire vehicles are made in America, Canada and Mexico.

Trump said it is permanent
Donald Trump, signing the instructions of the tariff, asked to show his seriousness, it is permanent. On Budhwar, General Motors shares fell nearly 3 percent in the stock market. Ford shares increased slightly. The shares of Jeep and Chrysler owner Stalentis fell nearly 3.6 percent. Trump has been saying for a long time that putting tariffs on auto imports will be an important policy of his presiding policy. They believe that due to the cost of tax, there will be more production in the US and will help in reducing the budget deficit.

America will give relief to China!
At the same time, Donald Trump gave another big signal. He said that China can be given relief in tariffs. US President Donald Trump said on Wednesday that he was ready to reduce the tariff to make a deal with the Chinese parent company Bittens of Ticketkock. The deal will be done to sell this short video app used by 17 million Americans. Bitdens has a time limit of April 5 to find a non-Chinese buyer for tickets. If this does not happen, it can be banned on the basis of national security in the US. The ban was to be implemented in January itself under a law of 2024.

Will Trump reduce China’s tariff?
Trump said that if there is no agreement on the social media app, then he is ready to extend the deadline. Trump told reporters on Wednesday, ‘China will have to play a role in this regarding tickets. Probably as approval, perhaps. I think they will do this. Maybe I will give them a slight deficiency or something else in the tariff to complete it.

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25% tariff on foreign cars in US, how much benefit? Trump will also give relief to China

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