Trump Excludes Autos, Parts From New 15% Global Tariff
President Donald Trump says imported vehicles and auto parts are not subject to a new 15% tariff on all goods announced in the wake of a U.S. Supreme Court decision that found Trump exceeded his authority when he enacted sweeping, nation-specific tariffs under the International Emergency Economic Powers Act.
Cars and car parts remain subject to a 25% tariff established under Section 232 of the Trade Expansion Act of 1962. Trump announced a new global tariff of 10% — this time under Section 122 of the Trade Act of 1974 — on Friday, several hours after the ruling. He then raised it to 15% the next day, announcing the move in a Truth Social post.
“I, as President of the United States of America, will be, effective immediately, raising the 10% Worldwide Tariff on Countries, many of which have been ‘ripping’ the U.S. off for decades, without retribution (until I came along!), to the fully allowed, and legally tested, 15% level.”
The new tariff will go into effect Feb. 24. Tariffs enacted under Section 122 can remain in effect for 150 days before extensions must be approved the U.S. Congress.
