DONALD Trump has slapped a whopping 25 per cent tariff on all foreign-built cars in a huge blow to global car manufacturers.
Trump says that car tariffs, which will go into effect on April 2, will lead to a “tremendous growth in the auto industry”.
The US is one the biggest motor markets for many global car giants – including Japanese automakers Toyota, Honda, Nissan, Mazda and Subaru – who will now be hit hard.
This also includes the UK, which exported £6.4 billion worth of cars to the US in 2018 – accounting for 18.4 of all the UK's car exports.
Making the announcement, Trunpo said from inside the Oval Office: “This is the beginning of Liberation Day in America.
“If you build your car in the United States, there will be no tariff.
Asked if there was anything carmakers could do to have the tariffs removed, Trump replied: “This is permanent, 100 per cent.”;
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