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High tariffs and car repairs cost: The ripple effect

  • High tariffs raise the cost of motor parts, maintenance, and insurance claims, impacting consumers directly in their wallets.
  • When tariffs increase, auto repair firms charge more as the prices of components rise, resulting in higher expenses for car owners.
  • Insurance companies raise premiums as they pay out more on claims due to increased repair costs.
  • If tariffs on auto imports are implemented, certain car models could become up to $10,000 more expensive.
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High tariffs and car repairs cost: The ripple effect

FabrikaSimf // Shutterstock High tariffs and car repairs cost: The ripple effect High tariffs—they affect not only governments and corporations but also consumers right where it hurts—their wallets. Because high tariffs raise the cost of motor parts, maintenance, and even insurance claims, the auto industry is particularly affected. High tariffs have the potential to cause everyday spending to soar, regardless of whether you own a car, have insu…

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Fox8 broke the news in Cleveland, United States on Monday, March 17, 2025.
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