Trump Enacts 25% Tariff on Imported Cars Amid Escalating Trade War

President Trump has officially imposed a 25% tariff on all imported vehicles, set to take effect on April 2. This escalation in the trade war has led to tumbling stock prices, particularly for major automakers like Ford and General Motors. The Canadian Prime Minister, Mark Carney, condemned the tariffs as a 'direct attack' on Canadian workers, stating that the trade war is negatively affecting American consumer confidence, which recently hit a multi-year low. Carney has announced a CA$2 billion strategic fund to support affected workers and called for a defensive stance against these tariffs.