Price hikes, idled factories, layoffs: how car companies are responding to Trump’s tariffs
Source: The Verge | Published: April 4, 2025, 9:13 p.m.
President Donald Trump’s 25 percent tariffs on all auto-related imports have been called “a debacle of epic proportions†and a sure-fire way to tank the auto market by crushing demand. Analysts have been predicting everything from $12,000 per vehicle price hikes to the possible “Cubanization†of the US car fleet. Now that they’ve had a […]
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