Trump's 25% Auto Tariffs Fuel Global Trade Tensions

The tariffs, set to begin April 2, have drawn sharp criticism from Canada and the EU, while experts warn of economic disruption and rising car prices.

President Donald Trump announced a 25% tariff on foreign-made cars and parts, effective April 2, as part of a strategy to boost U.S. manufacturing.
Canada and the European Union have vowed to retaliate, with Canadian Prime Minister Mark Carney declaring the tariffs a 'direct attack' and signaling a shift in Canada-U.S. relations.
Experts predict car prices in the U.S. could rise by $5,000 to $15,000, and automaker stocks have already seen significant declines globally.
The deeply integrated North American auto supply chain faces potential disruptions, with warnings of factory shutdowns on both sides of the U.S.-Canada border.
The Trump administration projects $100 billion in annual revenue from the tariffs, though critics argue the long-term economic impact remains uncertain.