<ul><li>President Trump announces permanent 25% tariffs on all foreign-made car and light truck imports, in effect from April 2.</li><li>Tariffs will impact key auto industry trade partners like South Korea, Japan, Mexico, Canada, and Germany.</li><li>Consumers can expect prices to rise, with a potential reduction in car imports and an increase in average car prices.</li><li>The tariffs are seen by Trump as an opportunity to boost domestic manufacturing and generate tax revenue.</li></ul>

Trump Hits Automakers With 25% Tariff on Imported Cars: What It Means for You

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