President Donald Trump said the United States will put at least a 10% tariff on all goods coming into the country, with much higher tariffs for some of America's closest trading partners, in a sweeping move that could revamp global trade and the U.S. economy.

Prime Minister Mark Carney said Thursday that Canada will match Trump’s 25% auto tariffs with a tariff on vehicles imported from the United States.

Shares of some of the world's biggest automakers appeared surprisingly resilient on Thursday, even after U.S. President Donald Trump's 25% tariffs on foreign auto imports came into effect. Analysts and economists said the relatively muted response from autos stocks could be partly attributed to an exemption for Canada and Mexico from Trump's highly anticipated "reciprocal" tariffs announcement.

However, over the past six months, Tesla stock price has gained 17.5%. On a one-year basis, Tesla shares have surged 68%.

President Donald Trump is expected to roll out the largest set of new trade barriers in generations Wednesday — calling it “Liberation Day” — shortly after U.S. stock markets close.

Anderson Economic Group says the impact of auto tariffs on U.S. consumers could be $30 billion in the full first year.

Canadians are bracing alongside other geopolitical partners as President Donald Trump prepares to unleash his next round of tariffs in what he is calling "liberation day."

Senate Democratic leader warns trade war could cost families $6,500 per year, endanger 16,000 jobs in the Syracuse area.