car, Trump and America
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President Donald Trump said he wants to spur more manufacturing in the United States with a new tariff targeting foreign car imports, set to go into effect Wednesday.
From USA TODAY
The tariffs on cars and auto parts that President Trump announced on Wednesday will have far-reaching effects on automakers in the United States and abroad.
From The New York Times
“It’s going to be disruptive and expensive for American consumers for several years,” said Michael Cusumano, professor of management at the MIT Sloan School of Management.
From The New York Times
Read more on News Digest
The 25% auto tariffs, set to take effect on April 3, will apply to imported passenger vehicles, including cars, SUVs, minivans, cargo vans and light trucks, according to a White House statement released after Trump's Oval Office remarks on Wednesday.
“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.”
Bay Area car dealerships are expected to be busy this weekend as buyers seek to close deals, as the Trump administration's looming tariffs on imported vehicles may soon take effect, possibly as early as next week.
Many American consumers are now questioning whether their favored vehicle brand is manufactured in the US or overseas following President Donald Trump's tariffs
Car buyers looking to snag new wheels will likely be confronted with sticker shock after President Trump's 25% tax on imported vehicles and auto parts kicks in. Trump's tariff on cars and light trucks is set to take effect on April 3 while tariffs on certain auto parts,
With a new 25% tariff on imported vehicles and key auto parts set to take effect April 2 under an executive order from former President Donald Trump, Nyghtstorm is concerned that buying or even repairing a car could become much more expensive.
The measure, which is intended to bring car factories to the United States, could significantly raise prices for consumers.
President Donald Trump has announced new import taxes of 25% on cars and car parts coming into the US. Trump said the latest tariffs would come into effect on 2 April, with charges on businesses importing vehicles starting the next day. Taxes on parts are set to start in May or later.
Auto tariffs announced by President Donald Trump will likely raise car prices by thousands of dollars days after the policy takes effect, while hiking costs for repairs and insurance, some experts told ABC News. Within hours of the policy rollout, Ferrari said it will raise prices by as much as 10% for some models to compensate for the tariffs.
President Trump announced this week that a 25% tax will be tacked on to all auto imports starting April 3, as part of his plan to rebuild America's manufacturing base. For John Graff, it's the reason he's buying a car today instead of waiting.