Several automakers reported strong first-quarter sales, suggesting buyers are snapping up new vehicles before tariffs on auto imports take effect.

Insurify: The national average cost of full-coverage car insurance could increase by 8% by the end of the year with the tariffs in effect.

President Trump is expected to roll out some tariffs he claims will free the United Stated from its reliance on foreign goods. This includes goods on foreign vehicles which will go into effect this week.

Two Michigan business groups urged President Donald Trump to halt plans to impose sweeping 25% tariffs on imported vehicles and parts, saying it would lead to dramatic price hikes, supply chain disruptions and pain in the auto-heavy state.

Japan’s Prime Minister Shigeru Ishiba says his government is making last ditch efforts to get U.S. President Donald Trump to exclude his country from an increase in auto tariffs due to take effect this week.

Auto giant Ford reported a slight drop in first quarter US sales Tuesday, while investors await details of President Donald Trump's upcoming tariffs this week and assess the effects of duties on major carmakers.

TOKYO (Reuters) - Japanese Prime Minister Shigeru Ishiba said on Tuesday Tokyo will continue to push strongly for the United States to exempt Japan from auto tariffs. In a news conference, Ishiba also said the government will take measures, as needed, to cushion the blow to the economy and jobs from higher U.S. tariffs.

Automakers in the US are facing an uncertain future, with President Donald Trump's tariffs poised to drive up costs and inject a heavy dose of volatility into their operations. David Welch has more on "Bloomberg Open Interest.

The U.S. on Monday sanctioned six senior Chinese and Hong Kong officials for "transnational repression" and further eroding the autonomy of Hong Kong, in the first major move by the Trump administration to punish China over its crackdown on the city.