US President Donald Trump has followed through on weeks of threats for new tariffs on imported cars, saying a 25% import tax on vehicles not built in the US would kick in next week.

Although all cars source at least some parts internationally, some are considered more 'American' than others, including the Tesla Model Y. President Donald Trump announced on Wednesday that 25% tariffs will take effect April 3 on imported passenger vehicles,

Tariffs could push the Personal Consumption Expenditures price index, excluding food and energy, 0.3 percentage point higher by the end of the year, to 3.1%, further from the Fed'