President Donald Trump has enacted a 25% tariff on all automotive vehicles imported to the U.S., effective April 2, with collections starting April 3. This tariff encompasses various vehicle types and parts, while exempting parts made in America if the vehicle itself isn’t. USMCA-compliant parts will be unaffected until a specific process is established. Concerns arise about the impact of these tariffs on the automotive industry, as a significant portion of U.S. vehicle imports come from Mexico and Canada. Companies like Hyundai and Tesla have announced substantial investments in U.S. operations amid these changes.

Source: https://www.supplychaindive.com/news/trump-automotive-tariffs/743656/