US President Donald Trump said on Friday that he would unveil new tariffs on cars, adding to his wave of sweeping import levies as he seeks to remake global trade relationships and pressure companies to move production to the US.
“We are going to do that on, around April 2,” Trump told reporters in the Oval Office, as he signed executive actions on energy policy.
The move is the latest in a rapidly widening trade war as Trump delivers on his campaign pledges to institute sweeping tariffs on US allies and rivals alike.
It comes a day after Trump unveiled his most expansive measure yet, ordering his administration to consider imposing reciprocal tariffs on numerous trading partners, an effort to address what he says is a system that is tilted against the US.
The reciprocal levies on nations that have import taxes on US goods could come as soon as April. Those levies are distinct from the sectoral ones Trump promised on vehicles and has threatened against other industries, including energy, semiconductors and pharmaceuticals.
Earlier this week, he also announced plans to slap 25 per cent duties on steel and aluminium imports.
