US President Donald Trump has announced new import taxes of 25% on cars and car parts coming into the US in a move that threatens to widen the global trade war. Trump said the latest tariffs would come into effect on 2 April, with charges on businesses importing vehicles starting the next day. Charges on parts are set to start in May or later.

The measure, which is intended to bring car factories to the United States, could significantly raise prices for consumers.

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.

U.S. President Donald Trump said on Thursday that larger tariffs could be placed on the European Union and Canada if they both work together "to do economic harm to the USA."

The president appeared to dispel any chance of exemptions for countries such as Canada and Mexico, which have a free-trade agreement with the U.S.

Automaker Hyundai is planning a $20 billion investment in the U.S., which includes opening a $5 billion steel plant in Louisiana, a White House official said. The details The South Korean company’s steel mill is expected to employ about 1,

South Korea’s Hyundai Steel will invest $5.8 billion along with Hyundai Motor Group to build a steel plant in the U.S. state of Louisiana with an