US President Donald Trump dismisses concerns over potential price hikes for new vehicles in North America due to proposed 25% tariff on all foreign-made vehicles.
Trump states that he doesn't care if carmakers raise prices in response to the tariff, as he believes people will start buying American-made cars.
The 25% tariff will also apply to imported auto parts used in US-assembled vehicles, but companies compliant with trade rules will temporarily avoid the duties.
Global response to the tariffs has been swift, with leaders from Japan and Canada calling them "unjustified" and threatening retaliatory responses.