Reported 26 days ago
President Trump has announced a 25% tariff on all foreign-made vehicles and certain auto parts, set to take effect on April 2. The tariffs aim to bolster U.S. growth and are expected to generate $100 billion annually. While primarily targeting foreign automakers, domestic companies like GM, Ford, and Stellantis are concerned about potential increases in production costs due to impacts on the auto supply chain. Initial analyses suggest these tariffs could raise the prices of non-premium vehicles by $3,000 to $12,000.
Source: YAHOO