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U.S. car prices face $3,000 increase as Trump tariffs hit auto sector
U.S. President Donald Trump’s tariffs against Canada and Mexico will threaten production at automakers across North America and send record vehicle prices even higher, with about a quarter of a trillion dollars in trade set to be disrupted. Trump on Saturday followed through on his warning to impose 25% tariffs on imports from the two countries, blaming the flow of migrants and drugs over the US borders — as well as large trade deficits — for the move. Barring a surprise, the tariffs are set to take effect at 12:01 a.m. on Tuesday, giving manufacturers less than 48 hours to figure out what to do. “The auto ... (full story)
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- Posted: Feb 2, 2025 5:54pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 157
