In a nut shell Trump has proposed:
- A 100% tariff on all imported vehicles which would, according to the paper, “significantly impact the affordability of electric vehicles in the US market, potentially slowing adoption rates and hampering efforts to reduce transport emissions, given that imported EVs currently account for approximately 30% of the US electric vehicle market.”
- A possible 200% tariff on some imported cars
- 10% – 20% import tariff on all foreign-made goods
- 60% import tariff on Chinese goods
- “1,000 % in other circumstances.”
These proposed tariffs put forward by Donald Trump, would hit the American economy and could hinder action on climate change….. “they would probably raise prices, hurt the stock market and spark economic feuds with much of the world.” [Washington Post]
Dr Aurélien Saussay, Assistant Professor at the Grantham Research Institute on Climate Change and the Environment, said:
“These tariffs will impact the American economy, not just Chinese and European sectors, so Donald Trump ploughing ahead with these policies if elected would be awful for economies across the globe.
LSE
BBC News
Washington Post
The Guardian