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) $ 97,835.21 0.70%
ethereum
Ethereum (ETH) $ 3,395.27 1.08%
tether
Tether (USDT) $ 1.00 0.07%
solana
Solana (SOL) $ 253.64 1.52%
bnb
BNB (BNB) $ 672.64 1.13%
xrp
XRP (XRP) $ 1.45 4.73%
dogecoin
Dogecoin (DOGE) $ 0.429077 9.31%
usd-coin
USDC (USDC) $ 0.999426 0.06%
cardano
Cardano (ADA) $ 1.05 2.54%
staked-ether
Lido Staked Ether (STETH) $ 3,390.94 1.08%
tron
TRON (TRX) $ 0.21379 0.78%
stellar
Stellar (XLM) $ 0.577776 32.48%
avalanche-2
Avalanche (AVAX) $ 41.57 1.78%
the-open-network
Toncoin (TON) $ 6.24 9.55%
shiba-inu
Shiba Inu (SHIB) $ 0.000026 4.00%
wrapped-steth
Wrapped stETH (WSTETH) $ 4,032.09 1.43%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 97,745.19 0.46%
polkadot
Polkadot (DOT) $ 8.79 14.70%
chainlink
Chainlink (LINK) $ 17.31 3.38%
bitcoin-cash
Bitcoin Cash (BCH) $ 509.33 4.11%
weth
WETH (WETH) $ 3,402.52 1.26%
sui
Sui (SUI) $ 3.43 4.29%
pepe
Pepe (PEPE) $ 0.00002 7.53%
leo-token
LEO Token (LEO) $ 8.71 1.52%
near
NEAR Protocol (NEAR) $ 6.48 4.74%
litecoin
Litecoin (LTC) $ 99.82 2.30%
aptos
Aptos (APT) $ 12.47 0.49%
uniswap
Uniswap (UNI) $ 11.07 4.43%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,581.36 1.24%
hedera-hashgraph
Hedera (HBAR) $ 0.150564 2.03%
internet-computer
Internet Computer (ICP) $ 11.43 3.85%
usds
USDS (USDS) $ 0.999358 0.06%
crypto-com-chain
Cronos (CRO) $ 0.192115 0.77%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.566418 5.02%
ethereum-classic
Ethereum Classic (ETC) $ 29.31 0.35%
render-token
Render (RENDER) $ 7.98 2.20%
bittensor
Bittensor (TAO) $ 537.84 2.41%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.51 13.22%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.03%
kaspa
Kaspa (KAS) $ 0.151532 4.24%
arbitrum
Arbitrum (ARB) $ 0.868285 5.35%
whitebit
WhiteBIT Coin (WBT) $ 24.71 0.37%
cosmos
Cosmos Hub (ATOM) $ 9.11 15.73%
vechain
VeChain (VET) $ 0.043335 0.08%
dai
Dai (DAI) $ 0.999384 0.08%
bonk
Bonk (BONK) $ 0.000046 9.64%
filecoin
Filecoin (FIL) $ 5.76 11.83%
mantra-dao
MANTRA (OM) $ 3.73 2.68%
okb
OKB (OKB) $ 54.38 6.61%
dogwifcoin
dogwifhat (WIF) $ 3.20 6.52%