Washington, March 26 -- In a significant policy announcement from the Oval Office, President Donald Trump has declared a 25 per cent tariff on all imported vehicles entering the United States, 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 United States, including American brands assembled overseas. The wide-ranging measure aims to incentivise car manufacturers to establish more production facilities within US borders.

Industry experts warn that the tariffs could have far-reaching consequences. Autos Drive America, a representative group for international car manufacturers operating in the US, expressed serious concerns ab...