U.S. tariffs on Canadian and Mexican goods will hike prices of North American-produced vehicles by as much as $10,000 each, a consultant said.

President Donald Trump suggested imposing tariffs on auto imports, threatening to drive up the cost of cars further amid plans for tariffs on steel, aluminum, Canada, and Mexico. But economists and the insurance industry say that this will raise auto insurance costs.

Australia's Treasurer Jim Chalmers said on Sunday he would visit the United States this week to meet with U.S. counterpart Scott Bessent for talks, including about tariffs. Chalmers told Australian Broadcasting Corporation television that he would leave for Washington on Sunday "to hold one-on-one conversations with my Treasury counterpart,

Australian Treasurer Jim Chalmers is set to visit Washington this week to meet U.S. Treasury Secretary Scott Bessent for discussions, including trade and tariffs. Speaking to ABC television, Chalmers confirmed he

President Donald Trump announced that the US will impose reciprocal tariffs on countries like India and China, ensuring fair trade practices. Trump stressed this point during Prime Minister Narendra Modi's visit and reiterated it at Commerce Secretary Howard Lutnick's swearing-in.