President Donald Trump of the United States has confirmed that a tariff of 25% will be imposed on vehicles that are not produced in the US, with an implementation date of April 2nd. There was a decline in auto shares across Asia following this announcement, and the repercussions are anticipated to extend to Europe.

Source: https://www.euronews.com/business/2025/03/27/trump-to-proceed-with-25-import-levies-on-autos-and-lower-reciprocal-tariffs