Get all the news you need in your inbox each morning. “You’d start with all countries,” Trump told reporters Sunday night aboard Air Force One. “There’s not a cutoff.”  Trump’s remarks provided clarification on the scope of the tariffs after Treasury Secretary Scott Bessent recently said the 15% of nations with persistent trade imbalances with the U.

According to the White House, the move to place tariffs on imports of automobiles addresses "a critical threat to U.S. national security."

During the election campaign (and in the years preceding it), Trump repeatedly claimed that the cost of tariffs would be borne by the exporters. But tariffs don't work that way—they're paid by the importer, at the time of import.

While prices are expected to increase across the board, some items will see a price bump more quickly than others.

Some favorable news for auto investors is that President Donald Trump denied reports that he told car makers to not raise prices in response to his tariffs. But the fact that he wants the levies to permanent is a setback.

The president told NBC News he 'couldn't care less' if tariffs raise some auto costs. He also addressed the shocking Signal chat leak and obtaining Greenland.

The Trump administration's 25% tariffs on imported passenger cars and light trucks are having a noticeable effect on car buyers, as many rushed to dealerships this weekend to make their purchases before the new tariffs take effect.

White House aide Peter Navarro said Sunday that he expects President Donald Trump’s tariffs to bring in $6 trillion in revenue in the next decade, which could amount to the largest tax hike in US history.

The president said he “couldn’t care less” if automakers raised prices in response to planned tariffs, reasoning that buyers would choose U.S.-made cars over foreign brands.