Trump to impose 25% tariff on all automobiles brought into the U.S. [MSNBC.com]
Cars.com Inc. (CARS)
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Source: MSNBC.com
President Donald Trump said Wednesday he was imposing a 25% tariff on all autos coming into the U.S.Trump said he expects auto firms to relocate to the U.S. and build new sites, or expand existing ones. He hit out at companies that have opened facilities in Canada and Mexico in recent decades, at what he said were the expense of U.S. workers."If you build your car in the U.S., there's no tariff," Trump said.He said the tariffs would go into effect April 2 and would be "permanent."Shares of the top U.S. automakers fell sharply in after-hours trading on the announcement. Ford Motor shares dropped 2%, General Motors tumbled 2.3% and Jeep owner Stellantis declined 3%.The 25% tariffs will almost certainly increase the cost consumers will pay to buy new
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CARS
News
- Hightouch Awarded "Omnichannel Analytics Solution of the Year" By RetailTech Breakthrough [Yahoo! Finance]Yahoo! Finance
- CARS to Announce First Quarter 2025 Financial ResultsPR Newswire
- Trump's tariffs could drive up auto repair costs, experts say [FOX Business Network]FOX Business Network
- Alpha Auto Group Leverages Qlik's AI Solutions to Fuel Global Expansion [Yahoo! Finance]Yahoo! Finance
- Tariffs threaten entry level-priced car inventory, experts warn [FOX Business Network]FOX Business Network
CARS
Earnings
- 2/27/25 - Beat
CARS
Sec Filings
- 4/25/25 - Form ARS
- 4/25/25 - Form DEFA14A
- 4/25/25 - Form DEF
- CARS's page on the SEC website