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Worries about throttled global trade and a hit to auto industry profits sent shares of car makers tumbling and drove markets broadly weaker on Thursday after President Donald Trump put a wall of tariffs around the U.S. auto sector.

US President Donald Trump signed a proclamation to implement a 25% tariff on auto imports. The proclamation specified automobile tariffs would be collected starting at 12:01 a.m.

Insight with Haslinda Amin, a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter. The show features prominent leaders spanning the worlds of business, finance, politics and culture.

US President Trump has signed an order imposing 25% tariff on auto imports, setting the stage for an even broader push on levies next week. But he's also teased lowering tariffs on China if Beijing signs off on a deal that would keep TikTok from being banned in the US.

The measure, which is intended to bring car factories to the United States, could significantly raise prices for consumers.

President Donald Trump signed an order Wednesday (March 26) that imposes 25% tariffs on imports of automobiles and certain auto parts, according to a thread posted on X by the White House's Rapid Response 47 account.

President Donald Trump says his executive order over auto tariffs will lead to 'tremendous growth' at a press conference.

"This is the beginning of Liberation Day in America," President Donald Trump says before signing an order to implement a 25% tariff on auto imports, which will go into effect on April 2.

U.S. President Donald Trump said on Wednesday the United States will effectively charge a 25% tariff on all cars not made in the country.

President made announcement days before he is expected to unveil reciprocal tariffs on other imported goods