Trump imposes 25% rates on imported cars; Brazil can be affected
The Trump government estimate is that the US will have a revenue of $ 100 billion only with the rates collected from new tariffs. During the executive order signature that applies the new rate, Trump interrupted his advisor to say that the revenue of tariffs will rise from $ 600 billion to $ 1 trillion, without explaining how it came to this conclusion.
“This is the beginning of US release day,” said Trump. “We will recover the money that countries have taken,” he said. “Friends and enemies have taken a lot from us,” he said. According to him, the factories will return to US states. “Car production will come back. This will take a while. But soon we will have a wide production of vehicles in the country,” he insisted.
A study by the Department of Commerce warned that, in fact, US participation in global cars production diminished vertiginously, falling from 26% in 1985 to only 12% in 2017. Today, the White House describes the situation as a risk to national security.
In 2023, China became the largest car exporter in the world and, by 2024, its market moved 22 million units, compared to 15 million vehicles bought by Americans.
Trump also indicated that companies will receive tax incentives to install factories in the US. During the announcement, the president again criticized Europeans for the way they treat American products. “Meanwhile, they sold us millions and millions of cars,” he said.
Europe criticism Trump
Moments after the announcement, the president of the European Commission, Ursula von der Leyen, launched criticism against Trump. “I deeply regret the US decision to impose tariffs on EU automotive exports,” the European said. “Tariffs are tax – bad for companies, worse for consumers, US and EU,” he said.
“The EU will continue to seek negotiated solutions, safeguarding their economic interests,” he promised.
