> Trump's latest auto tariffs explained: What car buyers should know
Trump's latest auto tariffs explained: What car buyers should know
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President Donald Trump’s 25% tax on imported cars, light trucks and auto parts is likely to drive up prices at a time when many Americans already struggle to afford a new set of wheels. The tariffs will also force car companies to rethink what cars they make and where they make them.
Trump has been itching to tax foreign autos for years. In his first term, he declared auto imports a threat to national security, which gave him the authority to impose tariffs on them. On Wednesday, he went ahead and imposed the levies. They take effect midnight April 3.
MORE: https://www.wthr.com/article/news/nation-world/trump-tariffs-what-car-buyers-should-know/507-dba567e7-afd6-4cad-9067-8ad5e958bf24