The 25% auto tariffs, set to take effect on April 3, will apply to imported passenger vehicles, including cars, SUVs, minivans, cargo vans and light trucks, according to a White House statement released after Trump's Oval Office remarks on Wednesday.

President Donald Trump’s plan to slap a 25% tariff on imported automobiles puts consumers looking to buy a new vehicle in a tough spot. The tariffs, set to kick on in April 2, are likely to raise prices for many new cars—whether they’re assembled in the U.

President Donald Trump’s auto tariffs could send the cost of a new car soaring. Fixing the car you already have will likely get more costly, too.