President Donald Trump’s auto tariffs, which went into effect at 12:01 am ET on Thursday, have the potential to upend a crucial American industry and raise the cost of tens of millions of cars sold every year across the country.

President Donald Trump’s 25% tariffs on imported vehicles to the U.S. have taken effect, but the impacts of the new levies on investors and the global automotive industry will play out over the months,

A 25% tariff on imported cars went into effect Thursday, and the same tariff on imported car parts is set to begin within a month. President Trump's tariffs mean that an imported car that used to cost $40,

Industry executives warn the biggest victim will be US consumers who will be paying more to buy everything from Adidas trainers to Modelo, the country’s top-selling beer. The US unveiled a baseline levy of 10 per cent with additional tariffs of up to 50 per cent on multiple trading partners,

President Trump’s 25% tariffs on foreign-made automobiles took effect at 12:01 a.m. ET. The tariffs would cover finished automobiles and automotive parts, a senior administration previously said. The administration had considered exempting auto parts from the tariffs.

President Trump announced a 25% tariff on all foreign-made automobiles. Those tariffs are set to go into effect Thursday.

The benchmark S&P 500 has declined 11% from its high amid concerns that President Trump’s tariffs will tip the global economy into a recession. Fitch Ratings estimates the reciprocal tariffs Trump announced on April 2 will increase the average tax on U.

U.S. President Donald Trump, speaking from the White House on Wednesday, is touting the notion of tariffs as a tool for the country — and criticizing the trade practices of many other nations, including Canada,