World

Trump suggests tariffs higher than 200% on vehicles from Mexico

2024.10.13 12:16

(Reuters) – 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.”

© Reuters. Republican presidential nominee and former U.S. President Donald Trump gestures during a rally in Coachella, California, U.S., October 12, 2024.  REUTERS/Mike Blake

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.    



Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 68,832.44 0.29%
ethereum
Ethereum (ETH) $ 2,443.56 0.60%
tether
Tether (USDT) $ 1.00 0.25%
bnb
BNB (BNB) $ 560.72 0.35%
solana
Solana (SOL) $ 163.65 0.17%
usd-coin
USDC (USDC) $ 1.00 0.12%
xrp
XRP (XRP) $ 0.507083 0.52%
dogecoin
Dogecoin (DOGE) $ 0.171162 9.42%
staked-ether
Lido Staked Ether (STETH) $ 2,441.83 0.69%
tron
TRON (TRX) $ 0.161446 1.89%
cardano
Cardano (ADA) $ 0.332348 0.97%
the-open-network
Toncoin (TON) $ 4.61 4.47%
shiba-inu
Shiba Inu (SHIB) $ 0.000018 5.38%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,890.85 0.73%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 68,733.42 0.32%
avalanche-2
Avalanche (AVAX) $ 23.44 0.28%
weth
WETH (WETH) $ 2,442.23 0.67%
bitcoin-cash
Bitcoin Cash (BCH) $ 338.94 0.40%
chainlink
Chainlink (LINK) $ 10.63 0.73%
leo-token
LEO Token (LEO) $ 6.07 0.57%
usds
USDS (USDS) $ 1.00 0.75%
sui
Sui (SUI) $ 1.94 2.83%
polkadot
Polkadot (DOT) $ 3.85 1.85%
litecoin
Litecoin (LTC) $ 65.46 1.62%
near
NEAR Protocol (NEAR) $ 3.79 3.45%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,567.78 0.85%
aptos
Aptos (APT) $ 8.42 3.29%
uniswap
Uniswap (UNI) $ 7.02 1.99%
pepe
Pepe (PEPE) $ 0.000008 0.90%
internet-computer
Internet Computer (ICP) $ 7.19 0.23%
dai
Dai (DAI) $ 1.00 0.17%
bittensor
Bittensor (TAO) $ 433.25 1.90%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.21 5.61%
monero
Monero (XMR) $ 159.58 0.17%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.39%
stellar
Stellar (XLM) $ 0.092548 0.83%
whitebit
WhiteBIT Coin (WBT) $ 18.93 0.34%
ethereum-classic
Ethereum Classic (ETC) $ 18.00 1.21%
kaspa
Kaspa (KAS) $ 0.107179 0.48%
first-digital-usd
First Digital USD (FDUSD) $ 1.00 0.55%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.300916 1.51%
blockstack
Stacks (STX) $ 1.52 2.48%
okb
OKB (OKB) $ 37.49 0.45%
dogwifcoin
dogwifhat (WIF) $ 2.09 2.23%
filecoin
Filecoin (FIL) $ 3.34 0.82%
crypto-com-chain
Cronos (CRO) $ 0.071975 0.28%
aave
Aave (AAVE) $ 129.94 0.08%
arbitrum
Arbitrum (ARB) $ 0.484515 0.41%
mantle
Mantle (MNT) $ 0.558817 0.72%
immutable-x
Immutable (IMX) $ 1.08 0.95%