Trump's 25% Auto Tariff Aims to Boost U.S. Jobs

President Donald Trump announced a 25% tariff on imported cars and parts, aiming to boost U.S. manufacturing jobs by encouraging domestic production. This measure has raised concerns across the global automotive industry, with fears of factory shutdowns and job losses in countries like Canada, Mexico, and Japan, which rely heavily on the U.S. market. Trump has warned U.S. automakers against raising car prices, suggesting they should be thankful for the removal of previous electric vehicle mandates. Critics argue that the tariffs will increase car prices and disrupt global supply chains, potentially leading to a trade war. Small and family-owned businesses in the U.S. are also anxious about the tariffs' impact on car parts and repair costs, which have already been rising post-COVID. The tariffs are set to take effect on April 3, with experts predicting significant economic disruption.