A few carmakers have closed factories, laid off workers or shifted production in response to the auto tariffs that took effect last week.

Car buyers looking to snag new wheels will likely be confronted with sticker shock after President Trump’s 25% tax on imported vehicles and auto parts kicks in. Trump’s tariff on cars and light trucks is set to take effect on April 3, and tariffs on certain auto parts, including engines and transmissions, will take effect no later than May 3.

Hyundai Motor President José Muñoz has drawn a line, stating that the company has no plans to raise car prices in the U.S. in response to President Donald Trump's 25% tariff on imported vehicles. Muñoz made this statement during a media day event at the 2025 Seoul Mobility Show in South Korea.