Tariffs aren't just going to increase the price of some goods. It will also increase the cost of some services.

Higher prices will deter buyers and force automakers to curtail production, said Jonathan Smoke, chief economist at Cox Automotive. He forecast that U.S. factories would produce 20,000 fewer cars per week, about 30 percent less than usual.

President Trump was asked Friday whether Americans should rush to buy cars now before his planned 25% tariffs on imported cars, light trucks and auto parts take effect.

From Donald Trump turning up the heat again, to 23andMe fearing the worst, we round up the big stories in business and finance over the week to March 28. Francis Maguire reports. Dazzling spiral swirl

President Donald Trump announced new 25% auto import tariffs. Local car dealerships and auto repair shops are already preparing for prices to go up.

Gold scaled a record peak on Thursday, as investors sought the safe-haven asset in response to escalating global trade tensions and tumbling equity markets, following U.S. President Donald Trump's announcement of new auto tariffs.

The global car industry has been thrown into turmoil by Donald Trump’s new “draconian” tariff regime that automotive executives expect will raise American vehicle prices, reduce US car production and cost carmakers up to $110bn.

Trump says Americans don't need to speed car purchases to dodge 25% tariffs on imports beginning April 2 because the economy will 'boom.'

U.S. President Donald Trump said on Friday that he did not think it made sense for Americans to buy cars now to avoid the effects of tariffs that are set to go into effect in early April.