car, tariffs
Digest more
Top News
Overview
Impacts
Consumers are hitting the gas on car purchases to head off expected price hikes from the Trump administration’s new tariffs, which threaten to reverse recent momentum in auto sales.
From NBC News
Japanese automakers have long relied on the "dependable and affordable" appeal of their economy cars to drive U.S. sales, thanks in part to low-cost production in Mexico.
From Reuters
Carney said the tariff could raise up to 8 billion Canadian dollars, or the equivalent of $5.62 billion, which would be used to help workers and companies affected by the Trump tariffs.
From Wall Street Journal
Read more on News Digest
New tariffs from the federal government could make people's purchases at the car dealership more expensive, and one Champaign County worker is weighing in.
At Village Ford, a dealership in Ford’s hometown of Dearborn, Mich., customers have increasingly been asking about tariffs, said Loice DeBerry, a 40-year veteran of car sales. He’s had to tell them he’s at a loss about exactly what it could mean for car and SUV prices.