Car prices haven't increased despite tariffs; that's not necessarily a good thing.
7 Articles
7 Articles
Car prices haven't increased despite tariffs; that's not necessarily a good thing.
By Analysis by Chris Isidore, CNN Tariffs are costing automakers billions but have done little to raise vehicle prices. While that's good for car buyers, it's not necessarily good for the US economy. Costs have skyrocketed for automakers after the Trump administration imposed 25% tariffs on imported cars (nearly half of the US auto market) as well as an additional 25% on imported parts, on which every car built here relies.
TheVoiceOfJoyce USA Facts on Car Manufacturing, Teacher Salaries, last NOAA data & Tariff & Corporate revenue compared to our taxes.
Where are America’s cars built? America has had a love affair with cars ever since the Model T. In the century since, the automobile industry has changed how people get around and how/where they work. Let’s take a spinthrough production numbers and auto industry jobs nationwide. In 2022, automakers in the US produced 12.86 million vehicles due to a pandemic-related dip in production trends. From 2015 to 2019, car manufacturers produced 16 to 1…
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