President Donald Trump said he was placing 25% tariffs on auto imports, a move the White House claims would foster domestic manufacturing but could also put a financial squeeze on automakers that depend on global supply chains.

WASHINGTON (AP) — President Donald Trump said he was placing 25% tariffs on auto imports, a move the White House claims would foster domestic manufacturing but could also put a financial squeeze on automakers that depend on global supply chains.

President Donald Trump on Wednesday announced he’ll impose 25% tariffs on all vehicles imported to the United States in a move that critics fear could drive up consumer car prices and disrupt U.S. car makers who ship cars and parts across international borders.

The Trump administration is planning to impose a round of fresh tariffs on April 2, a day President Trump has dubbed "liberation day." The announcement is viewed by economists as the culmination of his "America First Trade Policy," an executive order he signed on his first day in office aimed at revitalizing U.S. manufacturing.

The Trump administration’s new taxes on imports could focus on the “dirty 15” rather than all countries that trade with the U.S.

Global stocks dipped and gold hit a record high on Thursday in the wake of the latest tariffs from U.S. President Donald Trump's administration that expanded the trade war to auto imports. Trump late on Wednesday announced 25% tariffs on all vehicles and foreign-made auto parts imported into the United States,

This week puts to rest any notion that President Trump will deploy tariffs using his limited first-term playbook. Assume there will be import taxes on all kinds of stuff, all the time, for all sorts of stated reasons,

T he stock market remains uncertain as investors grapple with President Donald Trump’s whipsawing tariffs and budget cuts. The administration’s on-again, off-again threats of