March 26, 2025: President Trump today announced a 25-percent tariff on all cars and trucks imported to the U.S. as well as all imported auto parts and components. The tariffs are expected to increase the cost of an imported car, truck, SUV by up to $6,000, according to Cox Automotive. Read more here >>

President Donald Trump's tariff announcements are wreaking havoc on the auto industry. Here's why car buyers should approach the market cautiously.

A few carmakers have closed factories, laid off workers or shifted production in response to the auto tariffs that took effect last week.

Trump's most recent tariffs, which affected almost all U.S. trade partners, increased import taxes on Chinese goods to 104%. Beijing responded with additional tariffs on U.S. imports, raising the total levy to 84% set to take effect within hours.

Trump's punishing tariffs have shaken a global trading order that has persisted for decades, raised fears of recession and driven worldwide stocks sharply downward. The S&P closed below 5,000 for the first time in nearly a year on Tuesday and is nearing a bear market,

China on Wednesday called its trade surplus with the United States an inevitability and warned it had the "determination and means" to continue the fight if Trump kept hitting Chinese goods with tariffs to try and bring it down.

US President Donald Trump's latest wave of tariffs has come into force, with imports from China hit by a 104% rate amid an escalating standoff between the world's two biggest economies. Tariffs ranging from 11% to 50% now apply to imports from around 60 US trade partners,

China has again vowed to “fight to the end” in an escalating trade war with the U.S. as it announced it would raise tariffs on American goods to 84% from Thursday.

US President Donald Trump has boasted “jobs and factories will come roaring back” as he unleashed unprecedented tariffs around the world during his “Liberation Day” address.