Republican presidential candidate Donald Trump on Thursday said he would take steps to prevent Chinese carmakers from selling vehicles in the US as part of his plan to save the American auto industry.
“They’re going to pay a 100 per cent or maybe even a 200 per cent tariff because we’re not going to let them come into our country and destroy what’s left of our auto industry”, Trump said, addressing the Detroit Economic Club in the manufacturing state of Michigan.
Trump on Thursday said he would formally notify Canada and Mexico of his intention to renegotiate the USMCA – currently slated for review in 2026 – to address concerns about Chinese vehicles.
Trump vows high tariffs on China-made cars in his first speech after assassination attempt
The former president also proposed making interest on car loans fully tax-deductible, saying this would “stimulate massive domestic auto production” and “make car ownership dramatically more affordable” for millions of Americans.
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