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.

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,

Vehicle prices will surge $5,000 to $10,000 and tariffs will wreak havoc on auto demand, analysts say.