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Stock impact report

Panel: Only Certainty Under Tariffs Is Vehicle Prices Are Going Up [Forbes]

Cars.com Inc. (CARS) 
Last cars.com inc. earnings: 2/26 07:30 am Check Earnings Report
US:NYSE Investor Relations: investor.cars.com/overview/default.aspx
Company Research Source: Forbes
Tariffs imposed by the Trump administration are forecast to keep supplies of used vehicles tight. (Photo by Paul Hennessy/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images The only sure thing as President Donald Trump's tariffs unfold is that prices of cars and trucks are going up, a livestream panel said Thursday. “There is no way to sugarcoat it, everything is going to be more expensive,” Kevin Tynan, auto analyst and director of research as Presidio Group, said during the livestream. Cars.com and trade publication Automotive News conducted the livestream. Besides Tynan, participants included representatives of dealership organizations. On Wednesday, 25% tariffs on imported autos and parts. The president cited “underlying conditions, including a lack of reciprocity in our bilateral trade relationships, disparate tariff rates and non-tariff barriers, and U.S. trading partners' economic policies that suppress domestic wages and consumption” f Show less Read more
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