According to the White House, the move to place tariffs on imports of automobiles addresses "a critical threat to U.S. national security."

During the election campaign (and in the years preceding it), Trump repeatedly claimed that the cost of tariffs would be borne by the exporters. But tariffs don't work that way—they're paid by the importer, at the time of import.

Some car and auto parts aren't the only price increases with tariffs. Your auto insurance premium may go up, too.

President Donald Trump announced new auto tariffs during a White House press conference on Wednesday in an effort to boost domestic manufacturing and raise tax revenue from tariffs.

President Trump downplayed concerns that his forthcoming round of 25% tariffs on all foreign-made vehicles will cause prices on those automobiles to spike, arguing that it will be a boon for

WASHINGTON (AP) — President Donald Trump says Wednesday will be “Liberation Day” — a moment when he plans to roll out a set of tariffs that he promises will free the United States from foreign goods.

Trump has repeatedly called April 2 “Liberation Day,” with promises to roll out a set of tariffs, or taxes on imports from other countries, that he says will free the U.S. from a reliance on foreign goods.

By David Lawder and David Shepardson (Reuters) -Canada and Mexico won protections against potential new U.S. auto tariffs in 2018 as part of the U.S.-Mexico-Canada Agreement on trade, but there is no evidence that President Donald Trump will honor those commitments as he imposes 25% duties on global automotive imports.