Donald Trump gives car buyers a lifeline with latest decision
New car buyers rejoice, you've finally got some good news.
Though it seems like a lifetime ago, it's been just three weeks since April 2 — a date henceforth known as "Liberation Day" by presidential decree. On that day President Donald Trump laid out his strategy for the international trade war he had dreamed of for decades.
It represented the largest tariff hike since the Smoot-Hawley Tariff Act in 1930, with minimum 10% tariffs across the board (including for countries with which we have trade surpluses and even countries without any human inhabitants), and supposedly "reciprocal" tariffs for our largest trading partners.