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That could happen if ex-President Donald Trump wins re-election this year in his rematch against current President Joe Biden. Check Out: 5 Used Cars You Shouldn’t Buy
US car prices would rise by over $2,000 if President-elect Donald Trump pushed ahead with tariffs on Canada and Mexico, Wells Fargo said in a note. Trump tariffs would increase the price of cars ...
This is the worst-case scenario for hopeful car owners, given that auto prices have far outpaced inflation since the pandemic. The average cost of a new car today is just over $48,000 ; in 2019 ...
Donald Trump's proposed tariffs could raise car prices, impacting US and European automakers. Tariffs may cost carmakers 17% of annual earnings and lead to credit downgrades, per S&P Global.
A customer shops for groceries in January in Wheeling, Ill. Prices for consumer goods could rise across the board if new tariffs are imposed once President-elect Donald Trump takes office next year.
That’s why auto prices could rise sharply if Trump goes ahead with plans to impose steep tariffs on the parts that go into the “American” vehicles found in showrooms nationwide.
President-elect Donald Trump on ... Large retailers like Walmart and Best Buy have already said consumer prices are likely to rise if businesses pass on cost increases to consumers. Parts for cars
President-elect Donald Trump's vow to raise ... higher prices for a ... goods including Chinese electric cars and microchips. Now, Trump has said he plans to impose a 60% tax on goods from China ...