The Trump administration argues tariffs will help it rebuild an industrial base the U.S. squandered over decades through the wrong trade policies.

President Donald Trump on Wednesday will announce tariffs on auto imports, a move that the White House claims would foster domestic manufacturing but could also put a financial

Car buyers looking to snag new wheels will likely be confronted with sticker shock after President Trump’s 25% tax on imported vehicles and auto parts kicks in. Trump’s tariff on cars and light trucks is set to take effect on April 3 while tariffs on certain auto parts, including engines and transmissions, will take effect no later than May 3.