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Big News: Trump Announces 25% Auto Tariffs on Imported Cars
- President Trump announced a 25% tariff on all non-U.S. manufactured cars, effective April 3, aiming to boost U.S. manufacturing.
- Tariff exempts cars made in the U.S. and auto parts complying with the USMCA.
- The decision has sparked concerns about market volatility and received criticism from foreign leaders.
- Tariffs may drive up car prices, impact sales, and result in fewer manufacturing jobs.
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