Even if you’re not in the market for a new car, U.S. President Donald Trump’s 25% tariffs on auto imports could make owning one more expensive.

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.

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.

White House trade adviser Peter Navarro said tariffs would raise about $600 billion to $700 billion a year. Economists say that’s nearly impossible.

The White House will unveil automotive tariffs this afternoon, White House press secretary Karoline Leavitt said at a press briefing. The scale and scope of the tariffs remain unknown, but the White H

The heads of auto companies Ford, GM and Stellantis are making a last-minute effort to appeal to the White House, NewsNation has learned.

Starting Thursday, a 25% tariff will be imposed on all imported vehicles in the country, with some exceptions on Canada and Mexico, which experts said could increase the cost of cars by thousands of dollars.

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,