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The Excerpt

Trump announces 25% auto tariffs

The Excerpt

USA TODAY

Daily News, News

4.41.2K Ratings

🗓️ 27 March 2025

⏱️ 16 minutes

🧾️ Download transcript

Summary

President Donald Trump has announced new tariffs - this time on automobiles.

USA TODAY Supreme Court Correspondent Maureen Groppe breaks down a busy week for the high court.

The Trump administration was again on the defensive Wednesday as the fallout continues over officials using the encrypted chat app Signal to discuss war plans.

USA TODAY MLB Reporter Gabe Lacques takes a look ahead to the 2025 baseball season on Opening Day. Check out a special Deep Dive episode on the future of robot umpires.

Let us know what you think of this episode by sending an email to [email protected].


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Transcript

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0:00.0

Thanks to Dana Farber's foundational work, protein degradation can target and destroy cancer-causing proteins right inside the cell.

0:08.0

It's how Dana Farber is working to treat previously untreatable cancers.

0:12.3

Learn more at Danafarber.org slash everywhere.

0:19.8

Good morning. I'm Taylor Wilson. And today is Thursday, March 27, 2025. This is the excerpt.

0:29.5

Today, a fresh round of tariffs. Plus, a busy week for the Supreme Court, and baseball is back.

0:37.4

President Donald Trump yesterday imposed 25% tariffs on imported automobiles.

0:42.9

Trump detailed the tariffs, which will start at 2.5%, and rise to 25% on all foreign cars and

0:49.1

light trucks in front of reporters in the Oval Office. Automobiles that fall under the

0:53.6

umbrella of imports protected in the Canada-United States-Mexico agreement,

0:58.0

a trade deal orchestrated by Trump in his first term, will not be subject to the full tariff rate.

1:03.0

Instead, the U.S. will only put tariffs on the foreign parts that make up vehicles imported from Canada and Mexico.

1:09.0

The tariffs are set to go into effect next week on April 2nd,

1:12.7

and the latest move comes ahead of Trump's long-promised reciprocal tariffs, which are also set to go

1:17.5

into effect the same day, where the United States will respond to any nation's tariffs on U.S.

1:22.3

exports with tariffs of the same rate on imports from that country. Stocks have been on a roller coaster ride as Trump has announced and walked back

1:30.4

various rounds of tariffs over the past several weeks.

1:33.4

Consumer sentiment has also been slammed and inflation expectations have spiked

1:37.8

concerning some federal reserve members.

1:40.5

Trump has argued that leveling tariffs on a broad set of industries

1:43.5

will boost the nation's declining manufacturing sectors.

1:51.2

The Supreme Court has been busy this week. I caught up with USA Today Supreme Court correspondent Maureen Gropi for a look at some of what they've been up to.

1:59.8

Hello, Maureen.

...

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