Car buyers are trying to avoid Trump's tariffs by rushing to dealerships before prices go up [Yahoo! Finance]
JP Morgan Chase & Co. (JPM)
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Source: Yahoo! Finance
They're heading to dealerships ahead of Wednesday, when the new tariffs will hit, and buying now. It's the latest way that tariffs and threats of them are shaping the economy. John Connelly has been noticing a theme among some customers who walk into his Acura dealership: They're worried about tariffs President Donald Trump's latest tariffs , which will take effect on Wednesday, include a 25% duty on imports of passenger vehicles and car parts. Some consumers are responding by buying a new car now instead of paying a higher price after the tariffs hit, according to analysts and a dealer BI spoke with. Some customers who have stopped by Connelly's Columbus, Ohio-area dealership over the last few days have wanted to know how much the tariff — along with a local sales tax increase this week — could raise the price of a new car, Connelly said. "There's definitely been questions raised," with many customers asking "what we think is going to happen with the tariffs," Connelly, wh
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