President Donald Trump is set to impose more tariffs on trade partners all over the world. The president is escalating a trade war that many industry experts expect will cost the American consumer, especially in the short-term.

Car dealerships across the New York area are reporting an influx of customers — who have raced to snap up vehicles before President Trump’s tariffs are revealed on Wednesday. Tom Maoli, president and CEO of New Jersey-based Celebrity Motor Cars — whose luxury car outlets include Lexus of Route 10 and Maserati of Morris County — said he has seen a 15% increase in sales since it became apparent that tariffs were coming down the pike.

After spending more than two years teasing tariffs, tomorrow is the big reveal: the moment U.S. President Donald Trump unveils the full scope of his protectionist trade policy.

Anticipating tariff announcements this week, chip industry experts say tariffs may cause harm to US businesses while others see them as an effective trade negotiating tool.

President Trump’s proposal for car loan interest tax deductions on US-made vehicles sounds ideal, but some experts say the idea is flawed.

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.

Ford's first quarter sales were off 1.3% compared to a year earlier, largely due to the discontinuation last year of its Ford Edge SUV in Canada.

President Donald Trump says he “couldn’t care less” if car prices rise because of his tariffs. They will – whether he wants them to or not.