Warned car tariffs will cost Americans $100 billion, Trump White House won’t budge—‘We must become a manufacturing powerhouse’

U.S. President Donald Trump gestures while speaking during a Women's History Month event in the East Room of the White House on March 26. (Credit: Win McNamee—Getty Images)

• Trump’s 25% auto tariffs will unleash “pure chaos,” according to Wedbush analyst Dan Ives, but the Trump administration argues it is rebuilding an industry the U.S. squandered over decades through the wrong trade policies.

Dan Ives already has a phrase to describe President Donald Trump’s punitive 25% duty on imported cars—he’s calling it the “tariff announcement heard around the world.”