President Donald Trump’s 25% tariffs on imported cars and car parts will cause “pure chaos” in the auto industry and hike car prices by up to $10,000 or $15,000, wrote analysts at Wedbush Securities.

There are still a lot of unknowns, but if this remains in place, there will clearly be some pain for the companies to digest.”

Paslin supplies assembly lines but because of tariffs, automakers have put vehicle projects on pause. How Paslin is staying afloat amid lost work.

The Today in Ohio podcast on Friday questioned whether Donald Trump’s auto tariff announcement was intended to divert attention for an embarrassing security breach and pilloried the hypocrisy of Bernie Moreno for supporting the tariffs after making a fortune selling foreign cars.

U.S. President Donald Trump's announcement of a 25% tariff on auto imports rippled throughout the world on Thursday, as global carmakers warned of immediate price hikes and dealers raised fears of job losses in big auto-exporting countries,

Inventory levels are elevated at many dealerships, reflecting a slowdown in sales and a decrease in lease returns. While some industry experts believe car sales will persevere, others warn of production disruptions, price increases and potential layoffs if tariffs persist.

Once again, Mexico’s president Claudia Sheinbaum has adopted a wait-and-see strategy. When US President Donald Trump announced steep tariffs on all cars shipped to the United States – a significant escalation in a global trade war – she stuck to pragmatism and patience.

Indexes fell sharply in Japan Monday morning as automakers felt more pressure following US President Donald Trump’s announcement that he plans to impose 25% tariffs on auto imports. (AP Video by Mayuk