The company run by Mr. Trump’s confidant, Elon Musk, makes the cars it sells in the United States in factories in California ...
All three Detroit automakers, along with others, build vehicles in Canada and Mexico that will face tariffs imposed by Trump.
The White House expects the action to generate $100 billion in annual revenue and drive a resurgence in domestic automobile manufacturing.
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The measure is intended to bring car factories to the United States but could increase prices for consumers significantly.
President Donald Trump on Wednesday announced a 25% tariff on imported cars and key auto parts. Here's what it means for new and used car prices.