Veteran investor weighs in on impact of tariff trade war on stocks
This prominent contributor to TheStreet Pro gets down to the nitty-gritty on the Trump auto tariffs.
President Donald Trump's latest tariff announcement is revving up some high-octane controversy.
The plan includes a 25% levy on all imported cars to begin on April 3, while a similar duty on the auto-parts-supply chain will be imposed the following month. The delay will give companies operating within the USMCA trade pact time to verify U.S. made components.
The White House expects the tariff effort to raise $100 billion in revenue annually.
