President Trump’s tariffs are hitting the auto industry in multiple ways, creating havoc for both car companies and buyers trying to assess the impact.

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.

Cruz said that a Big 3 automaker told him that the average price of their cars would increase by $4,500 beginning in June.

N.Y., called out the UAW union on Friday for praising President Donald Trump’s tariffs on foreign automobiles and parts.

U.S. President Donald Trump's 25% auto tariffs will cover more than $460 billion worth of imports of vehicles and auto parts imports annually, according to a Reuters analysis of tariff codes included in a federal register notice on Wednesday.

The U.S. government said Wednesday that it will impose 25% tariffs on automobile imports on April 3 and a similar duty on auto parts a month later, as President Donald Trump prepared to announce further trade barriers that could escalate a trade war and upend the global economy.

Some people in the market for a new vehicle are rushing to claim models on lots, as current inventory is not subject to tariff price hikes.

The array of automotive parts that President Trump plans to tariff is more extensive than the industry expected, raising concerns about significant cost increases for U.S.-built vehicles. As part of Trump’s tariff announcement Wednesday,

U.S. President Donald Trump's 25% auto tariffs will cover nearly $600 billion worth of vehicles and auto parts imports annually and extend to all computer imports into the U.S. - including laptops - according to a Reuters analysis of tariff codes included in a federal register notice on Wednesday.