Trump’s 25% Tariff Shakes Auto World!
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Auto tariffs set to take effect within days pose car buyers with a choice: Do they dash out to dealerships ahead of possible price increases totaling thousands of dollars?
From ABC News
Estimates vary widely and depend on the model, but the increase could range from around $3,000 for a car made in the United States to well over $10,000 for imported models.
From The New York Times
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UAW president supports Trump’s tariffs
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"We have excess capacity. They could bring work back in very short order," Fain said.
From CBS News
Most economic analyses say average U.S. families would have to absorb the cost of his tariffs in the form of higher prices and lower incomes.
From U.S. News & World Report
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There are still a lot of unknowns, but if this remains in place, there will clearly be some pain for the companies to digest.”
Paslin supplies assembly lines but because of tariffs, automakers have put vehicle projects on pause. How Paslin is staying afloat amid lost work.
President Donald Trump expressed confidence that his tariff policy would prompt more Americans to buy cars made in the U.S.
11hon MSN
President Donald Trump’s 25% tariffs on imported cars and car parts will cause “pure chaos” in the auto industry and hike car prices by up to $10,000 or $15,000, wrote analysts at Wedbush Securities.
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Inventory levels are elevated at many dealerships, reflecting a slowdown in sales and a decrease in lease returns. While some industry experts believe car sales will persevere, others warn of production disruptions, price increases and potential layoffs if tariffs persist.
14hon MSN
The Today in Ohio podcast on Friday questioned whether Donald Trump’s auto tariff announcement was intended to divert attention for an embarrassing security breach and pilloried the hypocrisy of Bernie Moreno for supporting the tariffs after making a fortune selling foreign cars.
(Reuters) - Canada and Mexico won protections against potential new U.S. auto tariffs in 2018 as part of the U.S.-Mexico-Canada Agreement on trade, but there is no evidence that President Donald Trump will honor those commitments as he imposes 25% duties on global automotive imports.
U.S. President Donald Trump's announcement of a 25% tariff on auto imports rippled throughout the world on Thursday, as global carmakers warned of immediate price hikes and dealers raised fears of job losses in big auto-exporting countries,