President Trump said he would impose 25% tariffs on global automotive imports to the U.S., which would be added on top of other tariffs. Here’s what to know. What’s covered? Finished cars and auto parts that aren’t made in the U.

For many consumers, buying a new car is already a costly challenge. President Donald Trump has now made it even more financially difficult. Trump announced Wednesday that he wants to impose a 25 percent tariff on imported cars and parts on the theory that a trade war might boost manufacturing jobs in the United States in the long run.

The Trump Administration's plans will have a massive impact on the car business in America.