Trump announces 25% tariffs on all foreign-made cars

WASHINGTON — President Trump announced a 25% tariff on all foreign-made cars Wednesday — saying it would boost domestic manufacturing.Trump announced the move in the Oval Office, saying that “this is gonna lead to the construction of a lot of plants” to build cars domestically.“We’ll effectively be charging a 25% tariff, but if you build your car in the United States, there is no tariff,” he said.White House staff secretary Will Scharf told Trump that the action was projected to raise $100 billion in revenue — though analysis has suggested it may also sharply reduce import volume.The tariffs will take effect April 2, the same day as so-called “reciprocal” tariffs on goods from around the world, Trump addedThis is a breaking story.Please check back for updates....