Trump’s 25 Percent Tariffs and Threats on Canada and Europe Escalate Trade War: Live Updates

President Trump has argued that tariffs will help revive U.S. manufacturing, but some auto industry executives and analysts have warned that the measures could backfire. President Trump said on Wednesday that he would impose a 25 percent tariff on cars and car parts that were imported into the United States, a move that is likely to raise prices for American consumers and throw supply chains into disarray as the president seeks to bolster U.S. manufacturing. The tariffs will go into effect on April 3 and apply both to finished cars and trucks that are shipped into the United States and…