The measure is intended to bring car factories to the United States but could increase prices for consumers significantly. The president said the tariffs will start next week.

On Wednesday, President Donald J. Trump has made good on his claim to impose tariffs on foreign-made vehicles, as the 47th president signed an executive order levying a 25% tariff on all imported automobiles and many automobile parts imported to the U.S. The new tariffs will begin on April 3.

Industry dealers and analysts are reacting to the news of Trump's 25% tariffs on imported vehicles saying it will dramatically raise costs for all.