Tariffs, Donald Trump
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The New York Times |
Tariffs on imported vehicles took effect Wednesday, a policy that President Trump said would spur investments and jobs in the United States but that analysts say will raise new car prices by thousand...
Yahoo |
President Donald Trump announced a 25% tariff on all auto imports.
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If you know you need a new car soon anyways, there’s a pretty good argument for acting as fast as you can,” says one car-buying expert.
One manufacturer told NBC News that she had managed to push the existing 45% duty on her products onto American customers.
President Donald Trump announced reciprocal tariffs and a 25% tariff on car imports on his much-anticipated "Liberation Day" tariff rollout.
But some economists predict Americans will feel the pain – at least in the short term – and low-income Americans most of all. Start the day smarter. Get all the news you need in your inbox each morning.
With vehicle prices expected to rise sharply as a result of Trump's auto tariffs, many consumers are rushing to make purchases before the tariffs take effect.
Auto dealerships across the United States could see a jump in customer traffic this week as cost-conscious buyers look to avoid a possible uptick in prices and maintenance costs over the next few years,
Some favorable news for auto investors is that President Donald Trump denied reports that he told car makers to not raise prices in response to his tariffs. But the fact that he wants the levies to permanent is a setback.
The president said he “couldn’t care less” if automakers raised prices in response to planned tariffs, reasoning that buyers would choose U.S.-made cars over foreign brands.
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