Trump imposes 25% auto tariffs: what it means for the economy and consumers

Published

11 months ago

March 28, 2025

The sharp increase in import tariffs could reshape the auto industry, impact trade relations, and drive up car prices.

President Donald Trump has announced a major shift in U.S. trade policy, raising tariffs on imported automobiles from 2.5% to 25%.

The new tariffs, set to take effect on April 2, align with his broader strategy of imposing reciprocal trade measures to support American industries.

The White House says the move aims to revitalize domestic auto manufacturing, creating jobs and reducing reliance on foreign-made vehicles.

Trump believes this policy will encourage automakers to expand operations within the U.S., rather than outsourcing production to countries like Mexico, Japan, and Germany.

However, economists warn that these tariffs could also increase costs for both automakers and consumers.

With the U.S. importing $474 billion in automotive products last year, higher tariffs may lead to rising vehicle prices, making cars more expensive for American buyers.

Trade partners, including Canada, South Korea, and the European Union, are closely watching the situation, with potential retaliatory tariffs on U.S. exports looming.

Meanwhile, U.S. automakers must navigate the challenges of supply chain disruptions and potential profit margin squeezes.

Glen Lundy, the Founder of 800% Elite Automotive Club joins Veronica Dudo to discuss.

Related Topics:Featured in america today trending

Up Next

Trump threatens oil sanctions against Russia over Ukraine

Don't Miss

Trump’s return reshapes Transatlantic ties as Europe faces new responsibilities

ticker NEWS

Russia bans WhatsApp and promotes state-backed messaging app

Kremlin blocks WhatsApp, urging citizens to use state-backed MAX; critics warn of surveillance, prompting protests in Moscow.

Published

17 hours ago

February 13, 2026

Harvey Vargas

Kremlin blocks WhatsApp, urging citizens to use state-backed MAX; critics warn of surveillance, prompting protests in Moscow.

The Kremlin has officially blocked WhatsApp, urging Russians to switch to MAX, a state-backed messaging app. This move comes after Meta refused to comply with local regulations, sparking debates over digital freedom in the country.

Critics warn that MAX could be used for government surveillance, though authorities deny these claims. The ban highlights Russia’s growing control over foreign tech platforms and its push for locally regulated alternatives.

Activists in Moscow have staged protests calling for an open and unregulated internet, while the public reacts with a mix of concern and resignation.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

News

U.S. secretly sent 6,000 Starlink terminals to Iran after protests

US covertly sent 6,000 Starlink terminals to Iran amid protests, aiding internet access despite government shutdowns and crackdown violence.

Published

17 hours ago

February 13, 2026

Harvey Vargas

US covertly sent 6,000 Starlink terminals to Iran amid protests, aiding internet access despite government shutdowns and crackdown violence.

U.S. officials report that the Trump administration covertly sent around 6,000 Starlink satellite internet terminals into Iran following widespread protests. The move was designed to bypass strict internet blackouts imposed by authorities in Tehran.

The terminals reportedly enabled activists and dissidents to reconnect with the outside world during periods of severe digital restriction, raising fresh questions about foreign involvement and cyber strategy.

As geopolitical tensions simmer, the revelation underscores how connectivity has become a powerful tool in modern conflict.

#Iran #Starlink #DonaldTrump #MiddleEast #GlobalPolitics #TechNews #InternetFreedom #BreakingNews

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

News

Anthropic secures 30 billion in fresh funding as valuation surges

Anthropic raises $30B, doubling valuation to $380B, boosting global AI race with support from GIC, Coatue, Microsoft, and Nvidia.

Published

17 hours ago

February 13, 2026

Harvey Vargas

Anthropic raises $30B, doubling valuation to $380B, boosting global AI race with support from GIC, Coatue, Microsoft, and Nvidia.

Anthropic has secured a staggering $30 billion in fresh funding, catapulting its valuation to $380 billion and cementing its place among the most valuable AI companies in the world. The raise marks the second-largest private technology funding round ever, trailing only OpenAI’s $40 billion deal.

Major backers in this latest round include Singapore’s GIC and Coatue Management, alongside existing heavyweight partners Microsoft and Nvidia. The scale of the investment underscores intensifying global competition in artificial intelligence as capital continues to flood into the sector.

Anthropic’s valuation has more than doubled in just five months, fuelled by rapid enterprise growth. The company now works with eight of the Fortune 10 and boasts more than 500 customers spending over $1 million annually, highlighting surging demand for advanced AI tools across corporate America.

#ArtificialIntelligence #AI #Anthropic #TechNews #VentureCapital #BigTech #Innovation #Startups