The US has introduced new trade taxes of 25% on imported cars, announced by President Donald Trump. The tariffs are set to take effect on April 2, with collections beginning the following day. Trump stated that this measure would drive significant growth in the car industry and boost jobs and investment in the US. However, analysts warn that this move could disrupt car production, increase prices, and strain relations with allied nations. Mexico is the largest foreign supplier of cars to the US, followed by South Korea, Japan, Canada, and Germany. Shares of General Motors dropped approximately 3% on Wednesday following the announcement. During a press conference, Trump emphasized that the tariffs are permanent but offered an exception: no tariffs would apply if cars are manufactured in the United States. — news from BBC.com