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Stock impact report

US car buyers face higher prices, less choice under Trump's tariffs [Yahoo! Finance Canada]

Honda Motor Company, Ltd. (HMC) 
Last honda motor company, ltd. earnings: 2/7 03:16 am Check Earnings Report
US:NYSE Investor Relations: world.honda.com/investors
LONDON/WHITE LAKE, Michigan (Reuters) - Major automakers can deal with President Donald Trump's tariffs on U.S. auto imports in a number of ways, but all of them lead to higher prices, fewer choices of models or limits on features for consumers, industry experts said. Trump announced 25% tariffs on car and auto parts on Wednesday, sending global automakers' shares down and raising fears of job losses in big auto-exporting countries. He says the levies will ultimately boost production in the United States, but analysts say the immediate effect will be on automakers' choices that will hit consumers' wallets. "Most car makers can't eat 25%, they just can't," said Andy Palmer, former CEO of Aston Martin. "That means car makers will pass on as much of the cost of tariffs as they can," including by removing features to lower their costs while also raising prices. Automakers may spread that cost between U.S.-produced and imported models, cut back on features, and in some cases, stop s Show less Read more
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