Reported 4 days ago
Goldman Sachs analyst Mark Delaney warns that Trump's new 25% tariffs on imported cars and parts, effective April 3, could cause new car prices to increase by $5,000 to $15,000. This move is expected to significantly impact demand and production costs for automakers, particularly affecting half of the bestselling models in the US. The stock prices of major automakers have already reacted negatively to the announcement, with projections of potential price hikes continuing into 2025.
Source: YAHOO