Trump suggests tariffs higher than 200% on vehicles from Mexico

admin admin | 10-14 16:20

Donald Trump on Sunday suggested he could impose tariffs higher than 200% on vehicles imported from Mexico.
Republican U.S. presidential candidate Donald Trump on Sunday suggested he could impose tariffs higher than 200% on vehicles imported from Mexico, saying his aim would be to prevent the selling of cars from Mexico into the United States.

"All I'm doing is saying 'I'll put 200 or 500, I don't care.' I'll put a number where they can't sell one car," he said during a Fox News interview that aired on Sunday. "I don't want them hurting our car companies."

Trump, facing Democrat Kamala Harris in a tight race, has previously pledged that if elected again as president he would set a 100% duty on imported cars and trucks with the goal of aiding the domestic auto industry. While speaking at a rally last week in Juneau, Wisconsin, Trump doubled the figure.

"When I use 200 I'm using it as a number," he said during the Fox News interview. "I don't want their car. They will not be able to sell cars. I'm not going to let them build a factory right across the border and sell millions of cars into the United States and destroy Detroit further."

Trump previously threatened large tariffs on cars from Mexico as president and as a candidate in 2016. Imposing up to 25% tariffs on Mexican autos and components could have severe impacts on the industry and hike vehicle costs, automakers said in 2019.

At Trump's instigation, in 2018 the United States, Mexico and Canada renegotiated North America's free-trade agreement, adding provisions that U.S. officials said would keep more of the heavily regionalized auto manufacturing sector in the United States.

Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.


ALSO READ

Sky-high shopping: South Korea unveils ‘flying cart’ drone for transporting goods over any terrain

SEOUL, Oct 23 — South Korean researchers have developed a transport drone flying on multiple flexibl...

tech | 1 hour ago

Africa’s best-kept secret: Mozambique rolls out 100pc homegrown premium cigars for the global market

MAPUTO (Mozambique), Oct 23 — In a small neon-lit factory in Maputo, a dozen workers are hand-rollin...

life | 1 hour ago

In South Africa, dry taps are the new reality as water crisis deepens

JOHANNESBURG, Oct 23 — Joyce Lakela runs a nursery in Tembisa, a Johannesburg township, but these da...

world | 1 hour ago

From horror to hope: Rwanda’s genocide survivors rebuild lives 30 years on

PARIS, Oct 23 — Jeanne Allaire Kayigirwa was sure she was going to die three times during the Rwanda...

world | 1 hour ago

Hyundai Motor India lists with record IPO, commits to Indian market with new tech and EV plans

As part of its effort to introduce clean mobility solutions for Indian buyers, Hyundai will launch f...

auto | 9 hours ago

Skoda Auto Volkswagen India plants over 7 lakh trees in Maharashtra for ecological restoration

Additionally, SAVWIPL has installed 18.5 MWp of rooftop solar power at its Chakan facility, which of...

auto | 9 hours ago