President Donald Trump’s 25% tariffs on imported cars and car parts will cause “pure chaos” in the auto industry and hike car prices by up to $10,000 or $15,000, wrote analysts at Wedbush Securities.

Shawn Fain, president of the United Auto Workers union, praised President Trump's move to impose tariffs on vehicles, while noting that "tariffs aren't the total solution."

South Africa, whose exports of vehicles and parts into the United States is estimated at over $2 billion, could take a severe hit from a planned tariff of 25% on automobile imports unveiled last week by U.S. President Donald Trump.

Sign up here.Indian auto parts makers, already struggling with weak domestic demand, now face the risk of losing sales in their top overseas market as US President Donald Trump’s looming import tariffs ripple through global car manufacturing.

South Africa will seek a meeting with U.S. authorities on auto tariffs, Trade Minister Parks Tau said on Tuesday, noting the levies are a concern as the country has preferential trade status with the United States.

Japan’s Prime Minister Shigeru Ishiba says his government is making last ditch efforts to get U.S. President Donald Trump to exclude his country from an increase in auto tariffs due to take effect this week.

President Trump announced a 25% tariff on auto imports to the United States.The tariffs apply to all cars and light trucks manufactured outside the United States, as well as certain auto parts. The automaker market,

Experts estimate far lower figures in tariffs revenue, warning that President Trump's tariffs could drive up prices for American consumers.