US President Donald Trump said he plans to impose tariffs on imported cars around April 2, AFP reported, quoted by NOVA.
Since taking office on January 20, Trump has targeted both allies and opponents with threats of new tariffs.
He has cited tariffs as a way to raise revenue, correct trade imbalances and pressure countries to take action in response to US concerns.
Asked when he would impose car taxes, Trump replied: “Maybe around April 2”. He did not provide further details.
The president also recently solidified his plans for tariffs on all steel and aluminum imports starting March 12. He has previously promised tariffs on semiconductors, steel, oil and gas. In addition to targeting specific sectors, Trump announced and then suspended massive tariffs on major trading partners Canada and Mexico and imposed an additional 10 percent tax on goods from China, prompting Beijing to retaliate. On February 13, in a move that widened the trade conflict, Trump unveiled plans for "reciprocal tariffs" that could hit all of the United States' trading partners by country. Analysts have warned that Trump's use of tariffs as a weapon to extract concessions on everything from trade to immigration to drug trafficking could reshape global trade norms. At the same time, Trump warned the BRICS again that the United States would impose tariffs if the bloc's countries created their own currency, Reuters reported, quoted by BTA. Speaking to reporters in the Oval Office, he said the idea of undermining the dollar's position was already is dead. The BRICS countries, which include Brazil, Russia, India, China and South Africa, are discussing the option of creating their own currency.