Trump Set To Announce Tariffs On Auto Imports

US President Donald Trump will announce tariffs on auto imports Wednesday, the White House said, in a move set to fuel tensions with trading partners ahead of further promised levies next week.

White House Press Secretary Karoline Leavitt told reporters that Trump would unveil the 'auto industry' tariffs in an address, without providing details on their extent.

Since returning to the presidency in January, Trump has already imposed tariffs on imports from major US trading partners Canada, Mexico and China -- as well as a 25 duty on steel and aluminum imports.

But he previously offered automakers temporary reprieve from the levies affecting North America.

Uncertainty over Trump's trade plans and worries they could trigger a downturn have roiled financial markets, with consumer confidence also falling in recent months amid fears of the tariffs' effects.