It is a lot easier for Americans to accept a price increase on $50 brake pads than on a $50,000 brand-new car.

President Donald Trump has announced a 25% tariff on imported cars and key auto parts. Here's what it means for consumers and automakers.

Even if you’re not in the market for a new car, U.S. President Donald Trump’s 25% tariffs on auto imports could make owning one more expensive

Carmakers are likely to face higher costs regardless of how they respond to President Trump’s 25 percent tariffs on cars and auto parts.

Some analysts have warned that Trump's import charges could lead to the temporary shutdown of some US car production, with increased prices passed onto consumers. But the US president told NBC News on Saturday that he hoped foreign carmakers will raise prices as it meant "people are gonna buy American-made cars - we have plenty".

Working-class car buyers will be the hardest hit by U.S. President Donald Trump’s 25% tariff on imported vehicles because almost all low-cost new cars sold in the United States are built elsewhere.