Trump, auto tariffs and new cars
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Analysts widely expect the tariffs to raise prices for foreign-made cars, since importers will likely pass along a share of the tax burden to consumers.
From ABC News
U.S. President Donald Trump's scheduled April 2 tariff policy announcement could clear a fog of uncertainty that has clouded financial markets this year, yet few investors expect to get the definitiv...
From Reuters
Mr. Trump threatened auto executives on a call this month not to raise prices if he went ahead with his tariffs.
From Wall Street Journal
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Donald Trump has said he "couldn't care less" if carmakers raise prices after his 25% tariffs on foreign-made vehicles comes into effect. Some analysts have warned that Trump's charges on businesses importing vehicles could lead to the temporary shutdown of significant car production in the US,
President Trump’s 25% tariffs on auto imports go into effect in a few days. Americans are wondering what this will mean when buying a car. The president reportedly warned automakers not to raise prices.
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