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(Washington, DC) — There is a lot of uncertainty after President Trump imposed new tariffs on automobiles. Trump signed an executive order putting 25-percent tariffs on foreign made cars and trucks to go into effect April 2nd. He said the order aims to increase domestic manufacturing of cars and auto parts.
The environmental group the Sierra Club claims the tariffs will increase car prices for Americans and hurt working families. Mexico and Canada have vowed previously the raise their tariffs if Trumped signed the order.
The President says the order is an incentive for car buyers to choose American. He added that buyers will be able to deduct the interest on their car loans if their vehicle was made in America. Trump claimed the tariffs will bring between 600-billion and a trillion dollars into the US within the first year.
