April 2, 2025

U.S. President Donald Trump's tariffs on auto imports is expected to hit hard for car brands and countries around the world, with economists warning a small landlocked nation in Europe could feel the worst of the impact.

Trump is poised to unveil the details of his latest round of sweeping tariffs at around 9 p.m. London time (4 p.m. ET) on Wednesday. The measures, which are separate from Washington's levies on the global automotive sector, appear designed to rebalance the economic order in America's favor.

Trump has already announced a 25% tariff on all imported vehicles, with charges on businesses importing vehicles coming into effect as of Thursday. The White House has said a tax for automobile parts is set to start in May.

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