Trump Imposes 25% Tariff on Foreign Vehicles

President Donald Trump has announced a 25% tariff on all foreign-made vehicles and parts, effective April 3, to boost American manufacturing and reduce the trade deficit. Trump expressed indifference to potential price hikes, suggesting they will drive consumers to purchase American-made cars. He denied warning automakers against raising prices, countering reports of such conversations. Analysts predict significant price increases on imported vehicles, potentially impacting consumer costs and the auto sector's earnings. International leaders have criticized the tariffs, raising concerns about strained trade relations, and Trump indicated he would only consider negotiating tariffs if trading partners offer valuable concessions.