President Donald Trump announced Friday a new policy instituting auto loan interest deductions for American-made cars. “If you buy a car in the United States that’s made in the United States, if it’s manufactured here,

President Donald Trump made official Wednesday his long-promised tariffs for the automotive industry, imposing a 25% import tariff on all cars, light-duty trucks and some car parts imported into the U.S. Trump argued the tariffs will boost domestic manufacturing by forcing American automakers to build cars in the U.S.

Car buyers looking to snag new wheels will likely be confronted with sticker shock after President Trump’s 25% tax on imported vehicles and auto parts kicks in. Trump’s tariff on cars and light trucks is set to take effect on April 3 while tariffs on certain auto parts, including engines and transmissions, will take effect no later than May 3.

With President Trump’s recent order issuing a 25% tax on imported cars and parts, buying a new car or even getting the one you already have fixed may be pricier than ever. “People still need to get to work,

From Donald Trump turning up the heat again, to 23andMe fearing the worst, we round up the big stories in business and finance over the week to March 28. Francis Maguire reports. Dazzling spiral swirl

"I couldn’t care less. I hope they raise their prices, because if they do, people are gonna buy American-made cars. We have plenty," Trump said.

A 25% tariff on all vehicles imported into the U.S. won't just cause new car prices to rise. Used car prices will also likely increase, analysts say.

Trump agreed in 2018 to shield Canada, Mexico from global auto tariffs No mention of USMCA side letters in recent US auto tariff announcement Mexico, Canada each won annual US import quota of 2.6 million cars,