In a significant policy announcement from the Oval Office, US President Donald Trump has declared a 25 per cent tariff on all imported vehicles entering the US, a move he described as “very exciting” for domestic manufacturing.

The tariffs, set to take effect on April 2, will impact nearly half of all vehicles sold in the US, including American brands assembled overseas. The wide-ranging measure aims to incentivise car manufacturers to establish more production facilities within US borders.