> EXTENDED INTERVIEW: IU professor discusses impact of tariffs on imported cars and parts
EXTENDED INTERVIEW: IU professor discusses impact of tariffs on imported cars and parts
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The Trump administration is imposing a 25% tariff on imported cars and parts starting April 3. The goal is to boost manufacturing in the auto industry in the United States.
Nearly half of all vehicles currently sold in the U.S. are imported. Many companies, even if they have American factories, still assemble those cars with foreign parts.
Experts say these tariffs could mean paying thousands of dollars more for a new car. But the impact goes beyond that.
13News reporter Rich Nye spoke with IU Kelley School of Business international business professor Roberto Garcia about the impact on the auto industry.
MORE: https://www.wthr.com/article/news/local/trump-administration-tariffs-on-imported-cars-and-parts-will-have-impact-beyond-the-higher-cost-of-a-new-car/531-a7e14016-bf18-461f-add3-6150f086125a