Trump has launched an all-out trade war. Here’s the latest on what’s happening with tariffs — and what it all means for your wallet.

“You don't need to panic,” Brian Moody, executive editor at Autotrader, tells TIME, pointing to the constantly evolving tariff policies enacted by the Trump Administration. “If someone's already in the market for a new car, and they were planning to do that this year, I think you can go ahead and do that.”