US President Donald Trump late on Tuesday said it is likely that it is likely to impose a tariff of about 25 % on foreign cars, while semiconductor chips are scheduled to face higher duties for each Bloomberg. Trump added that the advertisement will come as soon as April 2.
Main quotes
Perhaps I will tell you that on April 2, but it will be in the neighborhood of 25 %.
When they come to the United States and have their factory or factory here, there is no tariff, so we want to give them a small opportunity.
Market reaction
At the time of this report, the US dollar index (DXY) is traded by 0.01 % a day for trade at 107.05.
Customs fees are common questions
Customs duties are useful customs duties on some imports of goods or a category of products. Customs duties are designed to help local producers and manufacturers to be more competitive in the market by providing the price feature on similar goods that can be imported. Definitions are widely used as fever tools, along with commercial barriers and import shares.
Although customs tariffs and taxes generate government revenues to finance public goods and services, they have many differences. Customs duties are pre -paid in the entry port, while taxes are paid at the time of purchase. Taxes are imposed on taxpayers and individual work, while customs duties are paid by importers.
There is a school of thought between economists regarding the use of definitions. While some argue that definitions are necessary to protect local industries and address commercial imbalances, others see them as a harmful tool that can push prices up in the long term and lead to a harmful commercial war by encouraging customs tariffs.
During the period before the presidential elections in November 2024, Donald Trump explained that he intends to use the customs tariff to support the American economy and American producers. In 2024, Mexico, China and Canada accounted for 42 % of the total imports of the United States. During this period, Mexico emerged as the best source with $ 466.6 billion, according to the American Statistical Office. Thus, Trump wants to focus on these three countries when imposing definitions. It is also planned to use the revenues created by definitions to reduce personal income taxes.
