The tariffs are expected to shrink the supply of less expensive vehicles. Nearly 80 percent of cars priced at less than $30,000 will be subject to 25 percent tariffs, including popular vehicles like the Honda Civic, Toyota Corolla and Chevrolet Trax, according to Cox Automotive.

A 25% import tax on engines, transmissions and other key car parts has come into force in the US, raising pressure on an industry finding its way through a thicket of policy changes. The new tariff comes days after Donald Trump eased the measure in response to business worries,

The Trump administration’s tariffs on imported cars and auto parts will cost General Motors between $4 billion and $5 billion this year, as the nation’s largest automaker slashed its earnings projections.

President Trump's tariffs are having serious consequences on small businesses across the United States. The Catoctin Creek Distilling Co.'s co-owners talk about their experiences dealing with tariffs.

The elimination of a tariff loophole that benefited Temu and Shein has led to a significant reduction in their online advertising spending. This shift is impacting tech giants like Meta and Alphabet,

Supporters say the change is important to stop cheap Chinese goods from entering the U.S. But the decision could drive up prices for goods Americans buy online.

The Trump administration closed a tariff loophole on packages from China and Hong Kong with a value of $800 or less.