President Trump's 25% tariffs on imported vehicles are set to reshape the automotive industry, leading to skyrocketing prices, diminished sales, and a significant economic impact. Analysts warn of a long-lasting structural shift in how cars are manufactured and sold.
President Trump has announced a staggering 25% tariff on all imported cars, igniting fears of rising prices and a potential recession. Experts weigh in on the impact this could have on the U.S. auto industry and consumers.
President Trump's proposed tariffs on goods from Canada and Mexico could significantly raise car prices and disrupt established auto supply chains, impacting consumers and manufacturers alike.