Car Prices Could Increase by Thousands of Dollars Thanks to Trump's Tariffs, Experts Warn
President Donald Trump's announcement of a 25 percent tariff on imported foreign automobiles and parts has economic experts warning that higher prices are on the way. Announcing the news on Wednesday, March 26, Trump said the move — set to go into effect on April 3 — would increase domestic manufacturing. He also claimed that car prices would fall. "You're going to see prices going down, but it's going to go down specifically because they're going to buy what we're doing,"
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