Former U.S. President Donald Trump has announced a 25% tariff on auto imports, aiming to boost domestic car manufacturing. The White House claims the decision will benefit American companies and generate an estimated $100 billion in annual revenue. However, the announcement has triggered immediate market reactions, with shares of major U.S. automakers witnessing a sharp decline.Experts believe the tariff could lead to higher car prices and trade tensions with major automobile-exporting nations. While Trump’s move aligns with his long-standing “America First” economic policy, industry leaders warn that it may disrupt global supply chains and affect consumer affordability.Financial analysts are closely monitoring the impact on domestic manufacturers, as increased production costs and potential retaliatory measures from other countries could influence long-term market stability. The global auto sector is now bracing for potential trade conflicts, while the U.S. administration defends the tariff as a step toward strengthening local industries.
