President Trump said on Friday that he planned to move forward with tariffs on foreign cars on April 2, but did not specify how much the tariffs would be or which nations could be targeted. Asked about when he might impose car tariffs during remarks in the Oval Office,

President Donald Trump’s threat to slap tariffs on imported vehicles puts a $240 billion trade route in the crosshairs, with some of the biggest brands in Germany and South Korea among the most exposed.

U.S. President Donald Trump has tasked his economics team with devising plans for reciprocal tariffs on every country that taxes U.S. imports, raising the risk of a global trade war with American friends and foes.