In a significant move, President Trump has announced a 25% tariff on all imported automobiles, a decision that is set to drastically impact the global auto industry. The announcement has led to a sharp decline in auto stocks, with major players like Ford and GM experiencing notable falls in their shares. Analysts predict that car prices in the US will surge, potentially by thousands of dollars. Japan, a major player in the auto market, is considering its response to these tariffs, while the EU and other stakeholders have expressed strong objections. The tariffs are expected to raise substantial tax revenues but have drawn criticism for potentially harming international trade and the auto sector. Industry leaders, including UAW representatives, have mixed reactions, celebrating the protection of domestic jobs while fearing job losses amid retaliatory measures from other countries. As the market navigates this turbulent landscape, the future of both the auto industry and international trade agreements hangs in the balance.