Trump says hell announce details of 25% auto tariffs in April – National [Video]

U.S. President Donald Trump said on Tuesday auto tariffs will be around 25 per cent and he will have more to share on the topic on April 2.

On Friday, Trump said levies on automobiles would come as soon as April 2, the day after members of his cabinet are due to deliver reports to him outlining options for a range of import duties as he seeks to reshape global trade.

Trump has long pointed to what he calls unfair treatment of U.S. automotive exports in foreign markets.

The European Union, for instance, collects a 10% tariff on vehicle imports, four times the U.S. passenger car tariff rate of 2.5 per cent. The U.S., though, collects a 25 per cent tariff on highly profitable imported pickup trucks.

Trump on Tuesday also said sectoral tariffs on …