"Actual impact will depend on a number of factors ... $100 billion to $125 billion in costs across the entire auto industry. In early March, Trump postponed auto tariffs for 30 days. But on Wednesday, he said no more pauses in tariffs for the auto sector.

The US dollar has been falling as President Donald Trump rolls out his tariffs, and it plunged after he unveiled much steeper-than-expected duties on "Liberation Day." That goes against what markets had anticipated before he launched his trade war.

Multiple automakers reported a surge in sales during March as shoppers rushed to dealerships to score a deal before tariffs took effect. But how long the boost will last remains to be seen once

As the region prepares for a potentially "painful adjustment", Asia's automakers could focus more on domestic and regional markets to reduce their exposure to the US, say experts.

China said it will impose reciprocal 34% tariffs on all imports from the United States starting April 10, in retaliation to President Donald Trump’s trade war. •

One union president told Newsweek that Trump's tariffs could "devastate" the auto industry in Canada and the U.S.

President Donald Trump’s tariffs plan is likely to create some price hikes, at least in the short term. Car prices are among the most prominent items likely to become more expensive, so Trump is also proposing that taxpayers be able to deduct interest payments on auto loans for domestic cars.

Louisiana businesses scrambled on Thursday to understand the impact to the state and their industries of President Donald Trump’s sweeping new tariffs, as many braced for higher prices and the