Donald Trump pledges to impose sweeping tariffs on imported cars

Former president would put increased protectionism at center of 2nd-term agenda

20241015N Trump in Chicago

"To me, the most beautiful word in the dictionary is 'tariff,'" Donald Trump said at the Economic Club of Chicago on Oct. 15. © Reuters

WASHINGTON (Financial Times) -- Donald Trump has elevated his threat to impose sweeping tariffs on imported cars, including from Mexico and the EU, placing increased U.S. trade protectionism at the heart of his agenda if he wins a new White House term.

Speaking at the Economic Club of Chicago on Tuesday, Trump lashed out at European car manufacturers, including Mercedes-Benz, and vowed to slap high levies on imported vehicles, arguing that it was the only way to force production to return to the U.S.

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