US EditionHow will Trump's auto tariffs affect car prices?
- President Trump announced a 25% tariff on auto imports on Thursday.
- Trump stated the tariffs aim to boost domestic production and manufacturing.
- Carmakers, dealers, and analysts predicted price hikes and potential job losses.
- Volkswagen stated the entire automotive industry will bear negative consequences; Barclays called the tariffs 'more draconian'.
- Carmakers may move production, absorb costs, or raise prices; BLG Group anticipates a 15% traffic reduction.
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'Can’t afford that': Car dealer reveals how much your payment may jump under Trump tariffs
President Donald Trump's newly announced tariffs are already causing a strong reaction among American car dealerships, who warn that their new import duties are about to translate to higher prices for buyers.David Auto Group President David Kelleher told CNN on Wednesday that monthly car payments could easily bounce almost $200 a month for buyers under Trump’s new tariffs on imports.“That car could go from $30,000, ostensibly to 37,500, and it's…
·Washington, United States
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Coverage Details
Total News Sources268
Leaning Left41Leaning Right24Center98Last UpdatedBias Distribution60% Center
Bias Distribution
- 60% of the sources are Center
60% Center
L 25%
C 60%
15%
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