President Donald Trump He has announced that the 25% rates of imported cars would set. The White House claims that the movement would increase the manufacture of home, but others can filter cars that depend on global supply chains.

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More details about imported self rate

As mentioned, Trump said on Wednesday (March 26) 25% fare "It will continue to promote growth." The White House expects to collect 100 million dollars every year from the rate.

However, the responses of the size could be complex, as the US cars are source of parts around the world. The tax riding that starts on April 3 can also have higher costs and smaller sales. The rates would be on existing taxes, and applies to imported cars and parts.

However, President Donald Trump says that the farewell will bring more factories in the United States and the end of the "ridiculous" supply chain. It includes finished vehicles manufactured in the United States, Canada and Mexico. The President of the Republic has also emphasized that it is a "sustainable" rate of 25%.

President Monday Plans mentioned in South Korean Automaña Hyundai to build a 5.8 billion steel plant in Louisiana. He proved that the rate mentioned that the farewell would bring manufacturing work.

According to the work statistics office, more than a million people are used in the manufacture of home vehicles and parts. That's 2000. 320,000 less than a year. 2.1 million people work in cars and pieses. The United States imported almost 8 million cars and $ 244 million trucks in the last year. Mexico, Japan and South Korea were the top sources of foreign vehicles. Depending on the trade department, the imports of self-sections were more than $ 197 million, Mexico, Canada and China.

Auto industry reacts with Canada, Mexico and Europe

According to Related pressOverall Motors' shares fell approximately 7% on Thursday. Ford's stock fell about 4%. The shares of Stellantis, Jeep and Chrysler's owner fell by 1.25%. But stock prices of thesla and rivian electric vehicles were created.

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The American Automotive Policy Board, which represents home automobiles, gave a statement about imported fare.

"... It is critical that rates prevent consumer prices and maintain the competitiveness of the integrated automotive sector of North America," the Council said.

The President of the Group, former president of the Republic of the Government of Matturi, has also sent the associated Press: "... ... We have expressed concerns related to prices and other impacts of the Administrative, as well as believing in the modernized trade agreements in North America."

Foreign leaders criticized quickly. "It's a very correct attack" Mark Carney's Prime Minister said.

"We will defend our staff. We will defend our business. We will defend our country," Carney added.

In Brussels, the President of the European Commission Ursula von der Leyen express regret to export US car exports from Europe. Leyen voted by Bloc to protect consumers and business.

"Rates are taxes - bad businesses, worse in the US and the European Union equally consumers," said in a statement.

Claudia Sheinbaum President of Mexican president said that his town did not want to take attitudes with each new rate. However, he said from the first term of Trump to the trade covenant "There must be no fees; that is the essence of the commercial agreement."

Meanwhile, President Donald Trump reaffirmed the willingness to question the ally on himself. Thursday he stated through social media, if the current rates for Canada could be "farther" if the country was collaborating with the European Union

Trump has already put 20% import tax to all imports from China for Fentanyl production. He also placed 25% rates in Mexico and Canada, with 10% lower 10% lower in Canada products. Mexican and Canadian fare parts have been interrupted, including car taxes, after cars against the cars. Trump replied by giving 30 days of 30-day celebrations that will expire in April. The president also established 25% rates in all steel and aluminum imports. In addition, the rates plans to computers, pharmacies, wood and copper.

Will the vehicle cost rise in the US?

Trump said the rates against imported cars has long been a defining policy of his presidency. The costs generated by taxes believe that it would cause more production to move to the United States while they help reduce the budget deficit.

However, the US and foreign cars have plants around the world while maintaining competitive prices to adapt to global sales. In addition, the years could be given to design, build and open the new factories that companies promise Trump.

"We are looking at much more of the vehicle prices," said Economist Mary Lovely AP. "We will see a reduced option ... These types of taxes fall in central and working class."

He said more housing will come out of the new car market and will be hung to aging vehicles. Vehicle prices are already about $ 49,000. If taxes are completely passed to consumers, the average pricing price of the imported vehicle could jump 12,500 dollars, the sum of the general inflation. Keep in mind that Trump was an incentive for voters to lower car prices.

When Trump announced new rates, he stated that he stated that he wanted to give a new incentive to car buyers, deducted from federal self-income, interested in car loans. These perks will only be for vehicles in America. Deductions would eat in some income that may be caused by fares.

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Related press staff, Rob Gillies, Toronto, and the Economy Economics of the Writer Paul Wiseman helped.