Trump Unleashes Massive 25% Tariffs On Foreign-Made Autos!

James Kaufman, World News Report, today, March 26, 2025. God bless you and yours, no matter where you are in the world. Please subscribe, give us a thumbs up, ring that bell for critical future updates. President Trump unleashes 25% tariffs on all foreign-made automobile imports. Wow! President Trump has announced 25% tariffs on all cars not made in the U.S. This will continue to spur growth, Trump told reporters. Trump confirmed that these new tariffs are in addition to the existing tariffs and are expected to result in over $100 billion in new revenue. To underscore his seriousness, Trump said these are permanent, end quote. In addition to the tariffs, Trump discussed his plans to allow Americans to deduct interest payments on cars that are made in America. A car is built in the U.S., there will be no tariffs. We're going to charge countries for doing business in our country and taking our jobs, taking our wealth, and taking a lot of other things they have been taking over the years. GM and Ford shares are tumbling on this news. European and Canadian officials have already thrown their teddy bears out of their strollers. Ontario Premier Doug Ford who threatened to shut off our power to a few of our municipalities in and around New York, folded, but he did warn he'll encourage Carney to target U.S. automobiles that will inflict as much trade pain as possible. Canadian Prime Minister Mark Carney commented that U.S. tariffs are a direct attack on Canadian autoworkers, adding that the Trump tariffs will hurt us as a country. Quote, we will defend our workers, our companies, and our country, end quote. European Commissioner Chief Ursula von der Leyen immediately posted her disappointment on X. I deeply regret the U.S.'s decision to impose tariffs on European automobile exports, she continued. The automotive industry is a driver of innovation, competitiveness, and high-quality jobs. through deeply integrated supply chains on both sides of the Atlantic. As I've said before, tariffs are taxes, bad for business. Worse for consumers, equally in the U.S. and for the European Union. Guess what? Our cars are about to shoot up in price or buy American. We will now assess this announcement, she said, together with other measures that U.S. is taking in the next few days. Oh, I'm so afraid the EU will continue to seek negotiated solutions while safeguarding its economic interests. As a major trading power in a strong community, the 27 member states will jointly protect our workers, businesses, and consumers across the European Union. Our automobile industry will flourish like it's never flourished before, Trump commented, seemingly unscathed by the possibility of any retaliation. The president said that the levies will help spur growth in the domestic auto sector and force companies to move their production to the U.S. The move risks disrupting operations for North American automakers who rely highly on integrated chains across the U.S., Mexico, and Canada, and Ford and GM shares are tumbling on this report, period. God bless. What up? What a gangster move. Please share, subscribe, and always remember, anything's possible in Bizarro World. And Trump is a gangster.