Donald Trump announces 25% tariff on all cars made outside the US

Donald Trump. Picture: AP Photo/Mark Schiefelbein

Donald Trump has said he is placing 25% tariffs on motor imports, a move the White House claims will foster domestic manufacturing but could also put a financial squeeze on car makers that depend on global supply chains.

“This will continue to spur growth,” the president told reporters. “We’ll effectively be charging a 25% tariff.”