Americans set for inflation jolt as car prices get hit by Trump tariffs [Globe and Mail, The (Toronto, Canada)]

Bank Of Montreal (BMO)
Last bank of montreal earnings: 2/25 06:00 am
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Source: Globe and Mail, The
Atlantic after Trump announced significant tariffs on imported vehicles and parts. RONALDO SCHEMIDT/AFP/Getty Images Donald Trump rode a wave of anger about inflation back to the White House in November. Since returning to office, however, he’s pursued an aggressive trade agenda that risks pushing up prices for Americans and inflaming the cost-of-living concerns that got him re-elected. The U.S. President’s decision to impose 25-per-cent tariffs on all imports of vehicle and auto parts will have a direct impact on auto prices in the U.S., and could feed through into prices for used vehicles, repairs and insurance, analysts warn. Estimates vary about the size of the sticker shock. But analysts think the price tag on a new vehicle could jump
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