Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Economic Indicator

US President Donald Trump announces plan to tariff all imported cars 25%

Source Fxstreet

US President re-announced his plan to add a 25% tariff on all cars imported to the US on Wednesday. Trump highlighted that the tariffs on all cars not produced in the US would take effect on April 2, when the US is also set to impose far-reaching "reciprocal" tariffs on all of its trading partners.

Key highlights

Auto tariffs will be 25%.

Auto tariffs in effect April 2, collecting from April 3.

Reciprocal tariffs will be on all countries.

Auto tariffs are permanent.

Big 3 automakers will move parts production to the US.

Administration is forming a deal on TikTok.

China will have to play a role.

Possible will grant China tariff reduction on TikTok deal.

Plans to continue targeting Houthis indefinitely.

Imposing tariffs due to EU mistreatment.

Elon Musk did not advise on auto tariffs.

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

AI Boom Lifts US Stocks, Strategist Sees S&P Breaking 10,000 in Three Years, How Much Longer Can This Rally Last? U.S. stocks closed at record highs again on Monday; despite growing concerns that a prolonged conflict in Iran through the summer could trigger severe economic consequences, the rally rem

Author TradingKey

10 hours ago

U.S. stocks closed at record highs again on Monday; despite growing concerns that a prolonged conflict in Iran through the summer could trigger severe economic consequences, the rally rem

Gold drifts higher to near $4,750 ahead of US CPI inflation release Gold price (XAU/USD) trades in positive territory around $4,750 during the early Asian session on Tuesday. The precious metal edges higher as traders assess developments in the United States (US)-Iran diplomacy and await key US inflation data, which is due later on Tuesday.

Author FXStreet

19 hours ago

Gold price (XAU/USD) trades in positive territory around $4,750 during the early Asian session on Tuesday. The precious metal edges higher as traders assess developments in the United States (US)-Iran diplomacy and await key US inflation data, which is due later on Tuesday.

When Will the Gold Dilemma Be Resolved? Breakdown of US-Iran Negotiations Puts Gold Prices Under Pressure Again, Can It Return to $5,000? Spot gold broke below the $4,700 level during the Asian trading session on May 11, dropping as low as $4,678. As of press time, it was trading at $4,670, in stark contrast to three days a

Author TradingKey

Yesterday 10: 31

Spot gold broke below the $4,700 level during the Asian trading session on May 11, dropping as low as $4,678. As of press time, it was trading at $4,670, in stark contrast to three days a

Hormuz Latest. Trump Rejects Iran Peace Plan; WTI Crude Hits $100 Again International oil prices surged in early Asian trading after U.S. President Trump and Iran rejected each other's latest long-term peace proposals. Both major crude oil futures rose by mor

Author TradingKey

Yesterday 02: 45

International oil prices surged in early Asian trading after U.S. President Trump and Iran rejected each other's latest long-term peace proposals. Both major crude oil futures rose by mor

Gold slumps below $4,700 on Trump rejection of Iran peace proposal Gold price (XAU/USD) falls to around $4,690 during the early Asian session on Monday. The precious metal attracts some sellers after US President Donald Trump rejected Iran’s latest peace offer to end the 10-week conflict choking the Strait of Hormuz, fanning inflation fears.

Author FXStreet

Yesterday 01: 55

Gold price (XAU/USD) falls to around $4,690 during the early Asian session on Monday. The precious metal attracts some sellers after US President Donald Trump rejected Iran’s latest peace offer to end the 10-week conflict choking the Strait of Hormuz, fanning inflation fears.

Popular Symbols