Trump announces 25 percent tariff on all car imports

President Trump on Wednesday announced he was imposing a 25 percent tariff on foreign-made vehicle imports, marking the latest escalation of his trade war against other nations.

Trump said in the Oval Office that the 25 percent tariff would apply to "all cars not made in the United States." The tariffs will go into effect on April 2, Trump said.

The president said that if parts are made in America, those parts would not be taxed or tariffed. Many cars are built with parts that...