Auto tariffs took effect Thursday, which is projected to raise the prices of cars for consumers. These 25% tariffs affect vehicles imported to the U.S. and are likely to expand to auto parts.

President Donald Trump’s 25% tariffs on autos not made in the U.S. and certain auto parts will send ripple effects through an industry that is already being pummeled by steel and aluminum import duties and on-again,

The president said he would go ahead with auto tariffs industry officials say could decimate Michigan's signature industry, as well as other taxes.

"Mercedes-Benz continues to seek sales growth for its highly desirable vehicles," the company said in a statement to Reuters.

Trump has for weeks trumpeted April 2 as a "Liberation Day" that will see dramatic new duties that could upend the global trade system, with a White House Rose Garden announcement scheduled for 4 p.m.

Trump has historically opposed unions, though he has courted union voters through his focus on U.S. manufacturing across his political campaigns.

The White House said half of the 16 million cars that were bought last year in the United States were imported vehicles.

Global reciprocal tariffs announced today by US President Donald Trump have excluded a number of sanctioned countries. Among them are Russia and North Korea, according to The New York Times. A White House representative told the American newspaper on the condition of anonymity that the reciprocal tariffs presented by Trump do not apply to Belarus,