Reported about 20 hours ago
A new round of auto tariffs on parts has just been implemented, imposing a 25% import tax that could significantly affect the automotive industry by driving up costs and vehicle prices. Automakers, while able to temporarily offset some of these tariffs, will ultimately face substantial financial burdens that may lead to increased costs for American car buyers. The complex trade dynamics, especially concerning parts from Mexico and Canada, highlight the challenges in achieving 'tariff-free' status under current trade agreements.
Source: YAHOO