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Trump’s Tariffs Leave Automakers With Tough, Expensive Choices - Software Unplugged

Summary by softwareunplugged.com

Automakers can respond to President Trump’s new 25 percent tariffs on imported cars and parts in several ways. But all of them cost money and will lead to higher car prices, analysts say. Manufacturers can try to move production from countries like Mexico to the United States. They can try to increase the number of cars they already make here. They can stop selling imported models, especially ones that are less profitable. But whatever carmakers…

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Trump tariffs: U.S. car buyers face higher prices, reduced choice #ConsumerProtection #CanadianCustomerSatisfaction #CanadaNewsToday #CanadianConsumer

Major automakers can deal with President Donald Trump’s tariffs on U.S. auto imports in a number of ways, but all of them lead to higher prices, fewer choices of models or limits on features for consumers, industry experts said. Reuters

4 days ago

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