Car, Trump administration and tariffs
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Local drivers are shopping for used car parts at Jalopy Jungle in Boise, as imported goods are expected to get even more pricey.
U.S. News & World Report |
Canada will match U.S. President Donald Trumpβs 25% auto tariffs with a tariff on vehicles imported from the United States.
Associated Press |
Trumpβs previously announced 25% tariffs on auto imports took effect Thursday.
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Analysts estimate that the tariffs will significantly increase the prices of new vehicles, adding a few thousand dollars for entry-level models to $10,000 or more for high-end cars and trucks. Higher prices for new vehicles are also likely to nudge used-car prices higher.
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.
"Yeah the prices will increase, but our main goal is to continue to serve the area as best as we can even with the tariffs."
While the Camry outsells the Accord, it doesnβt surpass it. The Accordβs styling is classically conservative yet modern, in the best Honda tradition. Itβs roomier than a Camry, too, with 105.7 cubic feet of passenger space and 16.7 cubic feet of cargo space.
Laurie Sepulveda is a MarketWatch Guides team senior writer who specializes in writing about personal loans, home equity loans, mortgages and banking. She lives in North Carolina and has taught ...
PALM BEACH COUNTY, Fla. β The automotive industry is keeping a close watch on tariffs as they are set to take effect on Wednesday. "Everything goes up when the car goes up too, the insurance ...
Some people in the market for a new vehicle are rushing to claim models on lots, as current inventory is not subject to tariff price hikes.