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Volkswagen export cars are seen at the port of Emden, Germany, beside a VW plant.

Fabian Bimmer/File Photo

Trump hits global auto sector hard with new tariffs

On Wednesday, ahead of what Donald Trump is calling “Liberation Day,” when the administration plans to unveil a series of “reciprocal” tariffs, the president signed an executive order levying 25% tariffs on automobiles and auto parts made outside the United States. The tariffs will come into effect on April 2.

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