The tariffs on autos will start being collected on Thursday and if the taxes are passed onto car buyers, the average ca
President Donald Trump’s 25% tariffs on autos not made in the U.S. and certain auto parts will send ripple effects through an industry that is already being pummeled by steel and aluminum import duties and on-again,
"Mercedes-Benz continues to seek sales growth for its highly desirable vehicles," the company said in a statement to Reuters.
U.S. President Donald Trump's 25% auto tariffs will cover more than $460 billion worth of imports of vehicles and auto parts imports annually, according to a Reuters analysis of tariff codes included in a federal register notice on Wednesday.
Even if you’re not in the market for a new car, U.S. President Donald Trump’s 25% tariffs on auto imports could make owning one more expensive.
When the Trump auto tariffs take effect on April 2, prices for cars from both foreign and domestic automakers — as well as for repairs — will likely rise.
President Donald Trump is set to announce his global tariffs plan Wednesday at an event at the White House Rose Garden.
President Trump has spent weeks drawing attention to “Liberation Day,” the title he’s given today when he’s expected to announce reciprocal tariffs on all US trade partners.