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Trump's tariffs could raise car prices at dealerships
Trump’s tariffs could raise car prices at dealerships — very quickly
The Trump administration is threatening a 25% tariff on all imports from Canada and Mexico as soon as Saturday — a move that would almost immediately impact car dealerships and factories in the United States.
Trump Tariffs Could Hit Cars, Clothes and Food Prices Fast
Fruits and other Mexican foodstuffs typically sold in America would also grow costlier, he said, while American companies that sell crops such as corn, soybeans and rice to Mexico would take an additional economic hit if the Latin American country retaliated with tariffs of its own.
How Trump’s tariffs will affect prices on new and used cars—and auto repairs, too
President Donald Trump, in his first two days in office, ramped up threats to impose a 25% tariff on all imports from Canada and Mexico. “I think we will do it February 1,” Trump told reporters. If Trump enacts the tariffs, car shoppers should expect dramatic, immediate changes.
Why Trump's tariff threat could raise car prices significantly
Some of the biggest car brands, including Ford, General Motors and Stellantis, have plants in Mexico and Canada.
What could get more expensive under Trump’s tariffs?
It’s likely U.S. shoppers would see prices rise for a wide range of items, including food, gas, clothing, consumer electronics, jewelry, cosmetics, new cars and homes and good made by U.S. manufacturers using imported raw materials and equipment.
Here’s what could get more expensive if Trump enacts tariffs this week
Tomatoes, T-shirts and cars are among the vast array of goods that could become pricier if tariffs pledged by President Donald Trump go into effect.
5h
Trump tariffs on track to raise the cost of cars in the U.S., local auto industry reps react
The Trump administration is proposing a 25% tariff on imported vehicles and vehicle parts from Canada and Mexico, effective ...
5h
on MSN
Trump’s tariff threats are working: Audi ponders a U.S. manufacturing site—and Porsche might join
The two Volkswagen Group brands have never built cars in the U.S., but a combination of lower taxes and higher tariffs might ...
Hosted on MSN
6h
BMW CEO calls for equal EU tariff on US car imports
Trump has not yet executed the range of tariffs he had indicated, he maintains that they remain a possibility, ...
1d
BMW CEO proposes cutting EU tariff on US vehicle imports to 2.5%
BMW will propose this week that the European Union lower its tariff on U.S. car imports to 2.5% from 10%, in line with the ...
1d
on MSN
Trump just gave his clearest picture yet of what new tariffs could look like
President Donald Trump has been talking about tariffs for so long that it feels like we know exactly what’s coming. But we ...
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