New Delhi, April 1 -- US President Donald Trump has imposed a stiff 25% tariff on imported cars, trucks and parts that go to make them. The move, ostensibly, is to revive domestic manufacturing. Mint looks at the issues involved and whether tariffs will help US automakers regain their former glory.

Indeed. Last week, Trump imposed a sharp 25% tariff on imported cars, trucks and auto components. The tariffs, effective from 3 April, will disrupt the efficient structure of the global auto industry that was established taking advantage of globalization and trade agreements. It will make cars in the US pricey by $4,000, experts warned. In 2024, the US imported auto products worth $474 billion, including cars valued at $ 220 billion. The move ...