Trump announces 25% tariffs
Written : 2025-03-27 10:00:00 KST
Trump announces 25% tariffs on all cars not made in the U.S.
U.S. President Donald Trump has pressed ahead with his long-warned tariffs on foreign cars. 25% tariffs will be slapped on all imported vehicles starting in April. Our Kim Bo-kyoung starts us off. U.S President Donald Trump signed an executive order on Wednesday, local time, to impose a 25-percent tariff on cars from overseas. The tariffs will go into effect on April 2nd the day Washington is expected to announce wide-ranging levies on other goods from around the world. It will apply to finished cars and trucks that are shipped into the United States.
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be slapped 부과되다
levy 부과, 징세; 징수(액)
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This follows Trump's 25-percent tariffs on steel and aluminum imports, which went effect on March 12th. While saying this executive order is going to lead to tremendous growth in the automobile industry, he added many foreign car companies that already have factories in the U.S. would be able to expand their currently-low utilization rate, cheaply and quickly. "But this is very exciting to me. This is the automobile industry. And this will continue to spur growth like you haven't seen before. Inevitably, the tariff plan will significantly impact South Korea, which is the third-largest car importer to the U.S. following Mexico and Japan.
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utilization rate. 이용률, 가동률
spur growth 성장을 촉진하다
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In 2024, South Korea's automobile exports to the U.S. amounted to around 34-billion U.S. dollars, about 51 trillion Korean won accounting for more than 49-percent of the total automobile exports. Amid such tariff pressure, Hyundai Motor Group has come up with a strategy to overcome this by expanding local production in the U.S. On Monday, it announced an investment of worth 21 billion U.S. dollars in the U.S. over the next four years, including a plan for Hyundai Steel to build a new plant in Louisiana, which is set to supply steel for Hyundai's auto parts and auto plants in Alabama and Georgia. Kim Bo-kyoung, Arirang News.
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amount to (합계가) …에 이르다 [달하다]
account for ~ 을 차지하다
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영어 원문 출처 및 동영상 링크;
arirang news/Economy
https://m.arirang.com/news/view?id=281921
