Trump's Tariff Plan Sparks Global Concern

Published: 2025-02-15

President Donald Trump has announced plans to impose tariffs on imported cars starting April 2, though the exact rates remain unclear.

This move aligns with his campaign promise of a 100% tariff on vehicles from Mexico, potentially raising costs for American consumers.

Economists warn that such tariffs could lead to higher prices and inflation in the U.

S. and disrupt international trade.

Trump has also proposed reciprocal tariffs, matching those imposed by other countries on U.

S. goods.

Experts argue this could undermine global trade rules and spark a trade war, with potential negative impacts on economies worldwide, including Norway.

Higher tariffs on materials like steel and aluminum are expected to increase production costs in key industries, further burdening consumers.