Trump announces 25 per cent tariff on foreign-made automobiles

US President Donald Trump announced a 25 per cent tariff on all foreign-made automobiles imported into the country.

Transcript

00:00Effective at midnight. We will impose a 25% tariff on all foreign-made automobiles

00:09For the cars we're asking for an interest deduction on a loan

00:13So if you build the car only in America, we do it Brian if the cars not built in America

00:18You don't get the interest rate deduction

00:20But if you build the car in America, if you buy a car if it's built in America, then you get an interest rate

00:27Deduction tax deduction and that's a big thing. It's going to be a big thing. I think that's going to pay for itself very quickly that