Trump's tariffs won't just raise car prices, but auto insurance rates, experts say [CBS News]
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Source: CBS News
"My grandfather worked on pre-war Italian race cars." Walter's mechanics replace metal more often than they repair it, so he's bracing for the impact of President Trump's newly announced 25% tariffs on all vehicles and auto parts imported into the U.S., set to take effect April 2. "Those tariffs are going to increase the average repair order," Walter said. He also believes that the tariffs will drive up auto insurance premiums. "They're going to go up," he said. The president's 25% tariffs on all steel and aluminum imports took effect earlier this month, but Mr. Trump gave automakers a one-month exemption after speaking to leaders of the Big Three automakers: Ford, General Motors and Stellantis. In early March, Mr. Trump also instituted, and then
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- What Makes General Motors Co. (GM) an Attractive Investment? [Yahoo! Finance]Yahoo! Finance
- Trump says the ultimate fruits of tariffs will be worth the pain. Experts disagree. [USA TODAY]USA TODAY
- Trump says the ultimate fruits of tariffs will be worth the pain. Experts disagree. [Yahoo! Finance]Yahoo! Finance
- Clock Ticks On Trump's Reciprocal Tariffs As Countries Seek Reprieve [Barron's]Barrons
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