Japanese automakers have long relied on the "dependable and affordable" appeal of their economy cars to drive U.S. sales, thanks in part to low-cost production in Mexico. Now, U.S. President Donald Trump is turning that business model on its head.

President Donald Trump’s auto tariffs, which went into effect at 12:01 am ET on Thursday, have the potential to upend a crucial American industry and raise the cost of tens of millions of cars sold every year across the country.

President Trump says the tariffs will encourage investment in U.S. factories, but analysts say car buyers will have to pay thousands more.

President Donald Trump's new 25% tariff on all cars and light-duty trucks takes effect in the U.S. on April 2. Here are frequently asked questions.

The latest on global markets after Thursday's downturn, as investors digest President Trump’s tariff plans. Follow along for live updates on how the Dow, S&P 500 and Nasdaq are reacting.

Some automakers have already warned dealerships they’re prepared to charge more for new shipments as soon as this week.

As the region prepares for a potentially "painful adjustment", Asia's automakers could focus more on domestic and regional markets to reduce their exposure to the US, say experts.

U.S. President Donald Trump on April 2 accused South Korea and Japan of imposing non-tariff barriers that restrict American car exports, as he announced his administration’s plan for reciprocal tariffs.