President Donald Trump on Wednesday reiterated his promise to impose tariffs on imported cars and light-duty trucks beginning at midnight Thursday and said he would also implement a tariff of at least 10% on other imports from countries that charge the U.

President Trump made good on his tariff threat for foreign-made autos, slapping 25% tariffs across the board on foreign-made automobiles. At an event from the White House Rose Garden, Trump called his tariff plan a “declaration of economic independence" and said the administration would impose reciprocal tariffs on countries around the world as

Trump confirms the 25% tariffs on auto imports will go live at midnight. Read more about those below. Ford stock is getting hit. So are General Motors and Stellantis. Tesla, which won't be hit as badly, trades higher.