Auto Tariffs Create Uncertainty for Dealerships and Consumers: How to Stay in Control

Reported 2 days ago

President Trump's implementation of 25% tariffs on imported cars has left dealerships, repair shops, and consumers uncertain about the future. With imported car parts facing additional tariffs and rising costs for steel and aluminum, mechanics are concerned about increased repair prices, which may also hike insurance premiums. Despite government claims that tariffs will bolster the domestic market, industry experts warn this could disrupt supply chains and complicate the manufacturing process. To navigate potential price increases, consumers are advised to explore discounts, maintain their current vehicles, and build emergency funds.

Source: YAHOO

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