The average price tag for new cars sold in the U.S. may increase by thousands of dollars as they face President Donald Trump’s looming 25% tariffs on all imported vehicles and some auto parts, according to industry analysts.

President Trump announced he will impose a 25% tariff on imported passenger vehicles starting April 2. Here's which automakers will be most impacted.

President Trump made good on his promise to impose tariffs on foreign automakers, imposing 25% duties on all cars and light trucks not made in the United States, as well as "certain auto parts." The move sent shares of GM (GM),