<p>The auto industry is assessing the impact of the President's proclamation yesterday imposing a 25% tariff on imported cars, light trucks, and certain vehicle parts under Section 232, citing national security grounds. The 25% tariffs are set to take effect on April 3, 2025, for automobiles and light trucks with auto parts delayed until no later than May 3, 2025.</p>

The auto industry is assessing the impact of the President's proclamation yesterday imposing a 25% tariff on imported cars, light trucks, and certain vehicle parts under Section 232, citing national security grounds. The 25% tariffs are set to take effect on April 3, 2025, for automobiles and light trucks with auto parts delayed until no later than May 3, 2025.

Two Minutes In Trade - Auto Industry Assessing Impact of 232 Tariffs

Staying on top of the international trade developments in Washington can be difficult, but listening to Two Minutes in Trade is like having your own daily briefing. The podcast covers topics including the Section 301 tariffs on China, free trade agreements like the USMCA, and legislative responses to trade issues. TMIT features customs attorneys and trade consultants from the international trade law firm of Sandler, Travis and Rosenberg, P.A. Learn more at www.strtrade.com.

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Two Minutes In Trade - Auto Industry Assessing Impact of 232 Tariffs

Two Minutes In Trade - Auto Industry Assessing Impact of 232 Tariffs

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