Trump threatens 25% tariff on any country that buys Venezuelan oil
U.S. President Donald Trump has said he will impose a 25% tariff on all imports from any country that purchases oil from Venezuela.
unbranded – Newsworthy
WASHINGTON − President Donald Trump is planning to announce automobile tariffs on Wednesday afternoon in the Oval Office, according to White House press secretary Karoline Leavitt.
Trump suggested a potential 25% tariff on imported vehicles in February but offered no other details.
“I will leave that to him to make that announcement later,” Leavitt said of the 4 p.m. EDT press event.
Industry experts and former U.S. officials expect the administration to rely on an investigation Trump used during his first term as justification for the new levies.
Shares of U.S.-listed automakers fell on news of the press conference.
Reuters contributed to this report.