Trump's 25% Auto Tariffs: Who Wins, Who Loses & What it Means for You? [Yahoo! Finance]
Bank of America Corporation (BAC)
Last bank of america corporation earnings: 4/15 06:45 am
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Source: Yahoo! Finance
These tariffs will take effect on April 3. However, there are some exceptions. Cars covered by the USMCA trade deal will only be taxed on their "non-U.S. content." Plus, USMCA-compliant auto parts will stay tariff-free until the Trump administration sets up a process for applying the tariffs. While the goal is to boost vehicle manufacturing in the United States, the move is expected to disrupt the auto industry and strain supply chain systems. Ultimately, it's the consumers who will suffer, as companies will pass the additional costs on to car buyers. Experts predict that the price of a vehicle could rise anywhere between $4,000 and $15,000, depending on how much of the added costs the carmaker would pass on to customers. Even U.S.-assembl
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