U.S. Tariffs on Global Automobile Imports Loom

U.S. Commerce Secretary Howard Lutnick announced potential tariffs on automobile imports from various countries, including South Korea, Japan, and Germany. This decision follows President Donald Trump's proposal for a uniform tariff policy. Lutnick emphasized fairness, asserting that tariffs should apply to all automobile imports indiscriminately.

U.S. Commerce Secretary Howard Lutnick announced that next month's U.S. tariffs could target cars from a broad spectrum of countries, including South Korea, Japan, and Germany.

During an interview with Fox Business, Lutnick was asked about President Donald Trump's planned April 2 tariffs on automobiles. He affirmed that it would indeed impact vehicles from these nations.

Lutnick emphasized that applying tariffs universally would be fair, suggesting that the policy should not discriminate between different countries when it comes to automobile imports.

(With inputs from agencies.)