In a series of statements, Donald Trump has indicated plans to impose tariffs of around 25% on imported automobiles, pharmaceuticals, and semiconductor chips. The move is seen as a bid to reshape U.S. trade policy and address perceived trade imbalances, particularly targeting the EU and various Asian manufacturers. Industry leaders, including Ford CEO Jim Farley, have warned that such tariffs could significantly increase car prices and lead to devastating impacts on the auto industry, with estimates suggesting costs could rise by nearly $6,000 per vehicle. As Trump continues to signal the introduction of these tariffs, both domestic automakers and foreign manufacturers are bracing for potential chaos in the marketplace.