U.S. President Donald Trump said Friday he plans to impose tariffs on imported cars around April 2.
Trump made the remark in the Oval Office when asked by reporters about his auto tariff comments earlier in the week.
“Over the next — sometime, maybe, around April 2,” Trump said. "I would have done them on April 1, believe it or not. I’m a little superstitious. No, literally, we had it planned for April 1. I said, ‘let’s make it April 2.’
. . .
The scope of the tariffs is unclear.
Interestingly, some parts involved in auto manufacturing cross the border up to 5 times before being put into a car. Will they be taxed 25% every time they cross from Canada to the US?