Trump, tariffs and raising prices
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Experts suggest the cost of those tariffs will be passed on to consumers in the grocery checkout lane.
From CBS News
Trump said that a 25% tariff will be placed on all foreign-made automobiles imported into the U.S. becoming effective at midnight, April 3.
From Yahoo
Tariffs on imported vehicles took effect Wednesday, a policy that President Trump said would spur investments and jobs in the United States but that analysts say will raise new car prices by thousand...
From The New York Times
Read more on News Digest
The minimum baseline tariff will be 10%. Trump spoke at the White House's Rose Garden after trading in the day session closed. As pre-announced, the U.S. will impose a 25% tariff on all foreign-made automobiles as of midnight.
Wednesday saw further volatility roil markets as tensions ran high ahead of Trump’s announcement, but stocks ultimately ended the session in the green.
U.S. stocks end higher, with nerves soothed after Trump narrows the scope of tariffs he plans to impose on April 2. Investors it means no trade war.
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As the U.S. readies for a 25% tariff on all imported cars and car parts to go into effect Thursday, members of Maine's automobile industry are sounding the alarm, saying consumers will feel the pinch of higher prices within a few months.
Just hours after taking effect, President Donald Trump’s 25% tariffs on imported cars are already reverberating around the globe.
President Trump announced the U.S. will impose a minimum baseline of 10% tariffs on goods imported from all foreign countries, along with further "reciprocal tariffs."