WASHINGTON -- U.S. President Donald Trump signed a proclamation imposing a 25% tariff on foreign-made cars and light trucks on Wednesday, in a move that the White House says will result in over $100 billion of new annual revenues.
Trump administration
Trump announces additional 25% tariff on foreign-made autos
White House expects over $100 billion in new annual revenues
U.S. President Donald Trump said auto tariffs will go into effect on April 2 and be on all countries. © Reuters
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