With sweeping auto levies, the president is putting his beliefs about tariffs into practice on the global economy. Economists aren’t optimistic.

The 25% tariffs will be applied to imported passenger vehicles, including cars, SUVs, minivans, cargo vans and light trucks, according to a White House fact sheet released after Trump's Oval Office remarks. The tariffs will also be applied to key imported auto parts, including engines, powertrain parts and electrical components.

The new levies on cars and light trucks will take effect on April 3, the day after Trump plans to announce reciprocal tariffs aimed at the countries responsible for the bulk of the U.S. trade deficit.

India is one of the few nations working to lower tariffs and win over U.S. President Donald Trump, who has called the South Asian nation a "tariff king" and "tariff abuser" and has vowed to reciprocate.

President Donald Trump has once again scrambled the politics of organized labor and the working class with his planned tariffs on auto imports.

President Donald Trump was adamant that his recently announced 25% tariffs on automobile imports will be permanent after they go into effect on April 2.

U.S. stocks are falling following discouraging updates on inflation and how much U.S. households may be willing to spend

Businesses can be forgiven for asking if ‘Comrade Kamala’ won the election.

U.S. President Donald Trump's scheduled April 2 tariff policy announcement could clear a fog of uncertainty that has clouded financial markets this year, yet few investors expect to get the definitive guidance they seek.