Auto industry experts say tariffs could impact your wallet in a few different ways

Auto industry experts say tariffs could impact your wallet in a few different ways

DENVER (KDVR) — With new tariffs on cars and auto parts expected to go into place next week, prepare to see not only a jump in costs of new vehicles but also used ones and repairs as well. Those new tariffs are set to begin on April 3 and could expand even further in the weeks to follow. The Colorado Automobile Dealers Association said this is expected to hit your wallet in several different ways, with new vehicle prices expected to rise. “And t…

On April 2, US President Donald Trump is expected to impose tariffs on all goods and services from around the world. The tariffs will most affect the automotive industry in Slovakia, Prime Minister Robert Fico (Smer-SD) said on Monday after an extraordinary government meeting. “The tariffs will have three dimensions. The first dimension is that all member states of the European Union will be burdened with new tariffs on all goods and services, t…