Reported 23 days ago
Starting April 3, a 25% tariff on imported cars and car parts will likely lead to a significant increase in vehicle prices, potentially raising costs by $5,000 to $15,000 per car. Although President Trump aims to boost domestic production through these tariffs, experts suggest this may not be feasible and could escalate manufacturing costs further. The tariffs come in the context of previous steel and aluminum tariffs, affecting the overall auto industry landscape.
Source: YAHOO