Nigeria, March 27 -- In another escalation of U.S. trade policy, former President Donald Trump has announced a sweeping 25% tariff on all foreign-made automobiles, sending shockwaves through the global auto industry. This decision, which adds to existing duties, aims to bolster American manufacturing but has left investors and business leaders uncertain about future trade relations.

The announcement comes ahead of Trump's self-declared "Liberation Day" on April 2, a deadline initially set for implementing reciprocal tariffs and responding to perceived unfair trade policies, such as foreign value-added tax (VAT) structures. However, recent signals from the administration suggest that these tariffs may be less aggressive than initially fea...