KAUSHIK BASU
On March 26, President Donald Trump signed an executive order imposing a 25% tariff on all cars and light-duty trucks imported into the United States. This measure took effect on April 3 – one day after the administration rolled out its “reciprocal tariffs” on US trading partners. Trump tried to reassure nervous Americans, promising that “our automobile business will flourish like it’s never flourished before.”
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