Trump hits out at EU, Asia over auto tariffs
President Donald Trump has announced that the US has impos...
President Donald Trump told Americans at a White House news conference that when it comes to trade, sometimes "friend is worse than foe."
He says that over 80% of cars made in South Korea are sold in South Korea, and over 90% of cars sold in Japan are made in Japan, and that cars made in the US represent only a small share in those countries.
"Ford sells very little" in other countries, Trump says, an imbalance that has "destroyed" American industries.
"That's why at midnight we will be imposing a 25% tariff on all foreign-made automobiles," Trump said./ CNA
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