U.S. President Donald Trump said Wednesday he will start imposing next week an additional 25 percent tariff on all automobiles made outside his country, not exempting Japan or any other trading partner from the measure that could disrupt supply chains and dent economic growth globally.
The White House said the higher tariff, targeting all types of imported passenger vehicles and light trucks, will take effect on April 3. The same rate of import tax will be applied to certain auto components, including engines, transmissions and powertrain parts.
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