US President Donald Trump has announced the imposition of duties on the automotive industry, which announced Wednesday night by the Oval Office. “It’s the real day of America’s freedom,” he said at the beginning of his speech. He said he would import a 25% duty on all cars that are not manufactured in the US, signing a relevant executive decree. “We start based on the 2.5%we are in, and we go to 25%,” he said. The duties will come into force next week, April 2, the president argued, and the US will start collecting them the next day. “This is very exciting,” he said, implying that this move will boost economic growth. Asked if he was likely to change his political direction, Trump responded negatively. “This is permanent,” he said, reiterating: “This is permanent” and then said: “But if you build your car in the United States there is no duty.” The White House Advisor […]
Source: News Beast
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