> Possible impact of foreign car and parts tariffs in Indiana
Possible impact of foreign car and parts tariffs in Indiana
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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.
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