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 while tariffs on certain auto parts, including engines and transmissions, will take effect no later than May 3.

The tax hike starting in April means automakers could face higher costs and lower sales, though Trump argues that the tariffs will lead to more factories opening in the United States and the end of what he judges to be a “ridiculous” supply chain in which auto parts and finished vehicles are manufactured across the United States, Canada and Mexico.

Read President Donald Trump's proclamation imposing new auto tariffs on cars and light-duty trucks made outside the U.S.

From Donald Trump turning up the heat again, to 23andMe fearing the worst, we round up the big stories in business and finance over the week to March 28. Francis Maguire reports. Dazzling spiral swirl

Donald Trump’s announcement that he plans to slap 25% tariffs on all car imports to the United States has given most automakers whiplash as

Even if you’re not in the market for a new car, U.S. President Donald Trump’s 25% tariffs on auto imports could make owning one more expensive

All three Detroit automakers, along with others, build vehicles in Canada and Mexico that will face tariffs imposed by Trump.

Uncertainty around President Donald Trump’s tariffs has begun to rattle credit markets as investors are no longer taking a wait-and-see approach to the shifting policy landscape from the White House.