Stocks have sold off in recent days as investors digested President Trump's latest round of tariffs. The headlines are expected to intensify in the week ahead, with an April 2 reciprocal tariff deadline that Trump has dubbed "Liberation Day" looming on Wednesday.

U.S. President Donald Trump's scheduled April 2 tariff policy announcement could clear a fog of uncertainty that has clouded financial markets this year, yet few investors expect to get the definitive guidance they seek.

While carmakers weren’t terribly surprised by the news — even though it arrived a week ahead of schedule — the twist that almost no one expected in this announcement was the inclusion of car parts, which drastically complicates an already tough situation for the global auto industry.