A 25% tariff on imported cars went into effect Thursday, and the same tariff on imported car parts is set to begin within a month. President Trump's tariffs mean that an imported car that used to cost $40,

If you want to buy a new or used vehicle in Mississippi, now is the time. That is the word from Marty Milstead, president of the Mississippi Automobile Dealers Association. President Donald Trump said his new tariffs on automobiles and auto parts will punish other countries for unfair trade practices.

CNBC breaks down what investors should know about how the additional levies will impact individual vehicles and automakers.

Stellantis has “paused production” at some of its Canadian and Mexican auto assembly plants due to the newly announced tariffs — and as a result, some US workers will also be temporarily laid off.

Stellantis will pause operations at its Ontario plant for two weeks, leaving thousands worried about their jobs.

TORONTO (AP) — Prime Minister Mark Carney said Thursday that Canada will match U.S. President Donald Trump’s 25% auto tariffs with a tariff on vehicles imported from the United States.