White House press secretary Karoline Leavitt said President Donald Trump may announce new tariffs on auto imports Wednesday afternoon, a move that could potentially escalate the United States’ trade war with other countries ahead of Trump’s planned reciprocal tariffs, which are set to go into effect on April 2.
President Donald Trump waves as he departs a reception celebrating Greek Independence Day in the ... More
Beyond Leavitt saying in her briefing that Trump may implement the tariffs Wednesday, the White House did not give details on the tariffs ahead of the press conference.
Trump hinted earlier this week that car tariffs could be coming soon, telling reporters Monday: “We are going to be doing automobiles, which you’ve known about for a long time … We’ll be announcing that fairly soon, over the next few days probably.”
Trump also previously said he thinks the tariffs could help ignite growth domestically in the auto world and make more countries move production to the U.S., according to Bloomberg, which first reported Trump’s Wednesday announcement.
Trump is scheduled to speak about tariffs at 4 p.m. EDT.
This story is developing and will be updated.
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Trump Says He’ll Be ‘Lenient’ On Reciprocal Tariffs: Here’s What To Know As ‘Liberation Day’ Looms (Forbes)
Trump Prepares Auto Tariff Announcement as Soon as Wednesday (Bloomberg)