Some people in the market for a new vehicle are rushing to claim models on lots, as current inventory is not subject to tariff price hikes.

US President Donald Trump has announced a 25 per cent tariff on vehicles not assembled in the US, effective April 3.

President Trump announced the next round of tariffs, this time targeting the auto industry and cars brought into the U.S. Experts say the entire industry will feel it.

President Donald Trump 25 % tariffs on imported vehicles to the United States has taken effect. The Trump administration also plans to place tariffs on auto parts in the near future. The changes have many consumers wondering how this will impact their wallets.

President Trump escalated his trade war with partners when he announced this week he would impose a 25-percent tariff on foreign vehicles and automobile parts. The president argued that tariffs

The proposed tariffs by the Trump administration could significantly impact the U.S. car market, affecting both new and used vehicle prices.

Fearing that US President Donald Trump's 25 percent tariffs on imported cars and auto parts could spark "paranoia" among buyers and drive up prices, Arthur Bibbs has decided to go ahead and buy a secondhand truck now.

"Actual impact will depend on a number of factors ... $100 billion to $125 billion in costs across the entire auto industry. In early March, Trump postponed auto tariffs for 30 days. But on Wednesday, he said no more pauses in tariffs for the auto sector.

The European Union wants India to eliminate tariffs on car imports under a long-pending trade deal and Prime Minister Narendra Modi's government is willing to sweeten its current proposal to seal the talks,

Fallout continues after President Donald Trump's unveiling of severe tariffs against virtually all U.S. trading partners. Thursday was the worst day for U.S. stock markets since June 2020. China struck back on Friday, announcing a 34% tariff on American goods as other foreign leaders weigh their response.