Trump: Auto tariffs will be 25 percent, predicts new car plants in US

The Manila Times

Trump: Auto tariffs will be 25 percent, predicts new car plants in US  US President Donald Trump says on Feb. 18 that auto tariffs will be around 25 percent, with more details to come on April 2. He also noted that major car and chip companies have approached his administration, suggesting new car plants are likely to be built in the United States.  U.S. NETWORK POOL / REUTERS VIDEO  Subscribe to The Manila Times Channel - https://tmt.ph/YTSubscribe  Visit our website at https://www.manilatimes.net     Follow us:  Facebook - https://tmt.ph/facebook  Instagram - https://tmt.ph/instagram  Twitter - https://tmt.ph/twitter  DailyMotion - https://tmt.ph/dailymotion    Subscribe to our Digital Edition - https://tmt.ph/digital    Check out our Podcasts:  Spotify - https://tmt.ph/spotify  Apple Podcasts - https://tmt.ph/applepodcasts  Amazon Music - https://tmt.ph/amazonmusic  Deezer: https://tmt.ph/deezer  Stitcher: https://tmt.ph/stitcher Tune In: https://tmt.ph/tunein   #TheManilaTimes #WorldNews #Trump #USA

Transcript

00:00But that was it.

00:10I do want to say, while I'm up here, I've been contacted by some of the biggest companies

00:14in the world.

00:16And because of what we're doing economically and through tariffs and taxes and incentives,

00:21they want to come back into the United States.

00:24And we'll be announcing various very large companies, the biggest, actually.

00:29And they'll be coming back, having to do with chips and having to do also with cars and

00:34lots of other things.

00:36We're going to be announcing some very, very big, very big, momentous — I think momentous

00:42decisions are being made by companies all around the world, the biggest, and they want

00:47to come back into the U.S.

00:50Car plants are being canceled in other locations now because they want to build them here.

00:54And you read about a couple — not that I want to mention names or anything, but you

00:57read about a couple of big ones in Mexico just got canceled because they're going to

01:01be building them in the United States.

01:03And that's very simply because of what we're doing with respect to taxes, tariffs, and

01:06incentives.

01:07And so, while we're here, I guess we can take a couple of quick questions.

01:12Mr. President, have you decided specifically what the auto tariff rate should be?

01:16Yeah, I probably will tell you that in — on April 2nd.

01:21But it'll be in the neighborhood of 25 percent.

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