Goa, March 27 -- US President Donald Trump signed an executive order on Wednesday, imposing a 25% tariff on all foreign-manufactured vehicles, set to take effect from April 2. The move is expected to have significant repercussions on global trade and automotive markets, with several trading partners already indicating their plans for retaliatory actions.

"We are going to be very fair... we are going to be nice actually. We have not been treated nicely by other countries, but we are going to be nice. I think people will be pleasantly surprised, but it's going to make our country very rich," Trump said after signing the order.

The announcement has prompted swift reactions from key international partners. Japan, one of the largest exporter...