Letter: Auto tariffs are a fool's gambit
17 Articles
17 Articles
Many Americans are flocking to dealerships to avoid the impact of Trump's tariffs on cars.
By Auzinea Bacon, CNN U.S. auto dealerships could see a surge in customers this week, industry analysts say, as price-conscious buyers seek to avoid potentially higher prices and maintenance costs in the coming years. The growing concern about price shock has one cause: President Donald Trump's 25% tariffs on imported vehicles and parts, which are expected to take effect Thursday. The tariffs are also likely to knock thousands of dollars off the…
Why Trump's auto tariffs will hurt his working-class supporters
Working-class car buyers will be the hardest hit by U.S. President Donald Trump’s 25% tariff on imported vehicles because almost all low-cost new cars sold in the United States are built elsewhere. Lower-income buyers will suffer another blow from expected hikes in used car prices as demand surges and supply…
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