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Trump's "want this and want that": while imposing tariffs on Autos, he also prohibits automakers from raising prices.
Industry experts believe that tariffs are almost certain to force USA auto manufacturers to raise prices. The impact of tariffs on the low-end market may be particularly noticeable, with models priced below $30,000, of which at least half will be severely hit by the new tariffs, and some models may disappear from the market. Analysts believe that due to dealers hoarding inventory, the effects of the tariffs may not begin to show until May, at which point car prices could rise by 11% to 12% to offset the impact of the tariffs.
Express News | According to the Wall Street Journal, Trump warned USA Auto Manufacturers not to raise prices due to tariffs.
What is the impact of Trump's 25% Auto tariff? Institutions: The tariff will increase the maintenance costs for car owners and the after-sales costs for Dealers.
The shadow of tariffs continues to loom.
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