Trump Announces 25% Tariff on Cars Not Made in the US
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Good morning. Donald Trump announces a 25% levy on auto imports. Insurers are turning to AI to better prepare for losses from climate catastrophes. And the Nike Dunk—once the world’s hottest sneaker—is losing air. Listen to the day’s top stories.
Donald Trump said a 25% tariff on all auto imports will take effect April 2. Shares of US automakers fell on the news. Earlier, during regular trading, stocks slid after three days of gains, with concerns about the economic impact of an escalating trade war weighing on investors’ risk appetites. The tech selloff has been so steep it’s even made Amazon shares look like a bargain.