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Trump declares victory with new tariffs: ‘THE PATIENT LIVED’

Trump quickly declared his “reciprocal” tariff rollout a success.

“THE OPERATION IS OVER!” Trump wrote in an all-caps Truth Social post.

“THE PATIENT LIVED, AND IS HEALING. THE PROGNOSIS IS THAT THE PATIENT WILL BE FAR STRONGER, BIGGER, BETTER, AND MORE RESILIENT THAN EVER BEFORE. MAKE AMERICA GREAT AGAIN!!!”

The new tariffs have not yet taken effect.

Kevin Breuninger

What investors need to know about Trump’s 25% auto tariffs

New vehicles are parked on the pier at the Mercedes Benz Vehicle Preparation Center (VPC) in Baltimore, Maryland, on March 31, 2025. 

Jim Watson | Afp | Getty Images

Trump’s 25% auto tariffs are in effect, but the impacts of the new levies could take years to unfold.

The tariffs are on any vehicles imported into the U.S., but even if final assembly takes place domestically, autos are made up of thousands of parts that are sourced from all around the world.

That means the industry is watching and waiting to see what happens with potential upcoming tariffs on auto parts.

In the near term, auto industry investors should expect continued volatility in automaker and supplier stocks, according to Wall Street analysts.

Read more about how the auto tariffs will affect individual vehicles and automakers here.

— Michele Luhn

Read CNBC’s earlier coverage of Trump’s tariff plan

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