US Imposes 25% Tariff on Vehicle Imports
US President Donald Trump has ordered a 25% tariff on imported vehicles and parts, set to take effect on April 3. Germany and Japan have opposed the move and are considering retaliatory measures. Canadian Prime Minister Mark Carney declared the traditional relationship with the US is over. Experts warn of higher vehicle costs, with Ferrari planning to increase prices for US-bound models. Global stock markets plummeted, with automakers' stocks leading the decline. The American Automotive Policy Council cautioned that tariffs should not raise consumer prices. Trump threatened larger surcharges if Canada and the EU collaborate against the US.