Jaguar Land Rover employs 9,000 people in Solihull, where residents are anxious and baffled by the 25% tariff on vehicles imported to the United States.

President Donald Trump's tariff announcements are wreaking havoc on the auto industry. Here's why car buyers should approach the market cautiously.

Less than a week in, auto makers across the world are already making big moves, including layoffs and pauses in production, according to reporting by NPR. Here is how auto makers are responding to Trump's auto tariffs.

From the daily newsletter: how turbulence in the bond market likely inspired the Administration’s change of course.

He is now encouraging companies to return to the U.S. as he continues to defend his sweeping global tariffs that have roiled the stock market. Several new, sweeping taxes on goods from other countries are already here — and more took effect on Wednesday.

US President Donald Trump’s sweeping new tariffs have gone into full effect. When Mr Trump announced the latest round of tariffs on April 2, he declared that the US would now tax nearly all of America’s trading partners at a minimum of 10% – and impose steeper rates for countries that he says run trade surpluses with the US.

Facing a global market meltdown, Trump abruptly backed off his tariffs on most nations for 90 days, but raised his tax rate on Chinese imports to 125%.

General manager Tony Elvin also believes uncertainty in the wake of the tariffs could hit local spending. "JLR being such a big employer in the area, there's that general uncertainty that lack of confidence that stops people going out and spending money,

A few carmakers have closed factories, laid off workers or shifted production in response to the auto tariffs that took effect last week.

The 25% tariffs on vehicles imported from Europe, announced by Donald Trump, have become a pressing issue for the automotive industry. Experts estimate that the new regulations could result in a decrease in exports by up to 200,

Trump’s ‘reciprocal’ tariffs on the EU and dozens of other countries have come into effect today. The EU is being hit with a 20% tariff on all goods - including products like cheese and wine. CNN’s Melissa Bell explains why EU imports to the US will now make products more expensive for consumers.

European Union member states have voted to impose tariffs on a list of U.S. goods in response to President Donald Trump's tariffs on the bloc. Newsweek has contacted the EU for a full list of U.S. goods it plans to hit with new trade taxes.