What to know about Trumps latest auto tariffs NBC10 Philadelphia [Video]

President Donald Trump’s 25% tariffs on autos not made in the U.S. and certain auto parts are sending more tremors through an industry already being pummeled by steel and aluminum import duties and on-again, off-again 25% levies on Canada and Mexico. The new tariffs, announced Wednesday, are likely to jack up new vehicle prices and will also impact the used car market.

Trump has been itching to tax foreign autos for years. In his first term, he declared auto imports a threat to national security, giving him the authority to impose tariffs on them.

It’s the latest in a number of auto industry maneuvers by Trump during his first weeks back in the White House. Auto companies are also navigating the reversal of fuel economy standards, dialed down greenhouse gas emission standards and a host of electric vehicle policy rollbacks.

President Donald Trump on Wednesday announced he was imposing a 25% tariff on all automobiles …