Trump's auto tariff could impact car prices
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USA TODAY |
President Trump announced a 25% tariff on all vehicles and vehicles parts not made in the United States on Wednesday.
Houston Chronicle |
Automakers sold nearly 1.6 million vehicles in the U.S. in March, up 13.6%.
Reuters |
Trump's levies are expected to add thousands of dollars in cost per vehicle and billions for automakers and suppliers, analysts say.
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The 25% auto tariffs, set to take effect on April 3, will apply to imported passenger vehicles, including cars, SUVs, minivans, cargo vans and light trucks, according to a White House statement released after Trump's Oval Office remarks on Wednesday.
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