OAN Staff Blake Wolf
5:50 PM – Wednesday, March 26, 2025
President Donald Trump announced on Wednesday that he will place a 25% tariff on automobile imports into the U.S., which is set to take effect on April 2nd.
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“This will continue to spur growth like you haven’t seen before,” Trump stated on Wednesday. “We’ll effectively be charging a 25% tariff. But if you build your car in the United States, there is no tariff.”
President Trump stated that the tariffs are expected to bring in between $600 billion and $1 trillion in revenue for the United States over the next two years.
“This number will be used to reduce debt greatly,” Trump stated. “Basically…