US EditionHow the 25% tariffs on imported cars and parts will impact Southern Coloradans
- President Donald Trump's 25% tariffs on imported cars and parts, announced this week and taking effect on April 2 and May 3, are raising concerns across the US automotive sector.
- These tariffs, applied under the USMCA trade agreement, aim to bolster the domestic industrial base and meet national security needs.
- The tariffs, which also include engines, transmissions, powertrain parts, and electrical components, are expected to impact nearly half of all vehicles sold in the U.S., including domestic cars with parts made in Mexico and Canada.
- Experts estimate that the cost of a new car could increase by at least $4,000 to $6,000, with some projections reaching $12,000, leading car owners like Chandra Gurnoe-Lutz to express concerns and potentially delaying new car purchases.
- Dominic Mannino, owner of Discount Motors, is stocking up on trucks and other large vehicles in anticipation of a market shift, while Chris Wesney, general manager at McCarthy's, foresees that "it's going to raise prices on the cost to buy cars and the cost for us to repair them and get them ready for market.
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How the 25% tariffs on imported cars and parts will impact Southern Coloradans
PUEBLO, Colo. (KRDO) - Thursday marks one week away from President Donald Trump's 25% tariffs on imported cars and parts taking effect. A used car dealership in Pueblo tells KRDO13 they've been preparing for the tariffs. Owner of Discount Motors, Dominic Mannino, says he's been stocking up on trucks and other large vehicles to try and fill a gap in the market. He says new trucks are already pricey and he wants to serve customers at a more afford…
How locals are reacting to President Trump's announced tariffs on foreign cars
This week, President Donald Trump announced a 25% tariff on foreign-made cars and car parts. He says the tariff will be applied to imported sedans, SUVs, crossovers, minivans, cargo vans and light trucks. It also includes certain imported car parts like engines, transmissions, powertrain parts, and electrical components. "This is the automobile industry," President Trump said. "And this will continue to spur growth like you haven't seen."Trump a…
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