New 25% tariffs on imported autos take effect

In addition to across-the-board tariffs, President Trump also announced a 25 percent tax on auto imports. The tariffs went into effect at midnight on all cars and trucks being shipped to the United States. In his Rose Garden speech, the president complained that while the U-S imports many foreign vehicles, Japan, South Korea, and other nations have put up barriers to American-made automakers. Auto dealers say the 25 percent tariffs will likely result in sharply higher sticker prices.