Trump to announce new auto tariffs Wednesday

President Donald Trump will announce new tariffs on auto imports on Wednesday, as confirmed by White House press secretary Karoline Leavitt. The new tariffs will be unveiled during a press conference in the Oval Office at 4 p.m. ET, with Trump hinting that they could be implemented before his reciprocal tariff plan on April 2. Stocks dropped to session lows following the announcement of the upcoming auto tariffs.

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