President Donald Trump's tariff announcements are wreaking havoc on the auto industry. Here's why car buyers should approach the market cautiously.

A few carmakers have closed factories, laid off workers or shifted production in response to the auto tariffs that took effect last week.

Major Japanese automobile company Nissan is considering moving some of its production to the U.S., according to a new report, in what could be one of the first indicators for President Donald Trump that his sweeping tariffs may have the impact the White House intends.

Automakers have been hit by market chaos caused by President Donald Trump's tariffs, sending shares in Japanese and European carmakers tumbling.

Anderson Economic Group says the impact of auto tariffs on U.S. consumers could be $30 billion in the full first year.

The auto industry is in a state of uncertainty as consumers and manufacturers alike grapple with the recently implemented 25 percent tariffs on all imported vehicles