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Trump auto tariffs threaten new supply-price shock

US President Donald Trump announced a 25% tariff on imported cars and auto parts, stating he is unconcerned about potential price hikes for consumers.
Experts warn that these tariffs may raise production costs for all vehicles, impacting car buyers significantly, particularly those with lower incomes.
Working-Class car buyers are predicted to be adversely affected, as low-cost new cars are primarily made outside the US, resulting in higher used car prices.
Trump claimed that increased foreign car prices would lead consumers to buy American-made cars instead, stating he 'couldn't care less' if prices rise.

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sherwood.news

Lean Left

Deutsche Bank slashes 2025 US auto sales forecast by 500,000

Deutsche Bank is cutting its estimate for 2025 US light vehicle sales by about 500,000 to 15.4 million in light of tariffs that are poised to roil auto supply chains and raise prices for producers and consumers....

3 days ago

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Bridge Michigan

Lean Left

Trump announces new auto tariffs; what it means for Michigan

President Donald Trump announced 25% tariffs targeting the auto industry Wednesday, the latest in a series of trade escalations that could have an outsize impact on Michigan’s economy.

3 days ago

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Glenn Beck

Far Right

How to Prepare for 25% Tariffs on Imported Cars

President Trump’s 25% tariffs on imported cars are coming and the market is reacting. People are buying cars now to avoid the tariffs. But how will the tariffs work? Which cars will be affected? How long will the price hikes last? Will they work to bring manufacturing jobs back to America? Glenn and...

3 days ago

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