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Trump, auto tariffs

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Starting April 2, President Donald Trump is set to impose a 25% tariff on imported passenger vehicles, light trucks and some auto parts.
From USA TODAY
The tariffs, set to go into effect on April 3, will hit vehicles and auto parts imported to the United States.
From The Baltimore Sun
"In Michigan, where one in five jobs is automotive-related, the pain felt by working-class citizens will be profound."
From Reuters

Read more on News Digest

Add auto insurance to the list of things increasing in price with Trump's tariffs
Some car and auto parts aren't the only price increases with tariffs. Your auto insurance premium may go up, too.
Trump Auto Tariffs Threaten New Supply-Price Shock
Tariffs could push the Personal Consumption Expenditures price index, excluding food and energy, 0.3 percentage point higher by the end of the year, to 3.1%, further from the Fed'
Ahead of Trump's auto tariffs, are U.S. consumers rushing to buy cars?
Some people in the market for a new vehicle are rushing to claim models on lots, as current inventory is not subject to tariff price hikes.
Trump’s auto tariffs could add thousands to the cost of new and used vehicles
A study by the Yale Budget Lab estimated tariffs would increase vehicle prices by an average of 13.5%, worth another $6,400 to the price of a new vehicle.
Car prices will rise with Trump auto tariffs. Here’s what buyers should know
When the Trump auto tariffs take effect on April 2, prices for cars from both foreign and domestic automakers — as well as for repairs — will likely rise.
Drivers anxious about possible economic impact of Trump’s planned tariff on imported autos
U.S. tariffs on imported cars are set to go into effect this week. President Donald Trump announced the 25% tariff on all foreign-made cars and auto parts last week. It’s a move he believes will foster more domestic manufacturing over time.
Trump 25% auto tariffs will lead to vehicle price hikes, autoworker pain, two Michigan business groups say
Two Michigan business groups urged President Donald Trump to halt plans to impose sweeping 25% tariffs on imported vehicles and parts, saying it would lead to dramatic price hikes, supply chain disruptions and pain in the auto-heavy state.
When do auto tariffs take effect? Trump's 25% fee on imported vehicles, parts coming this week
A 25% tariff on imported passenger vehicles, light trucks and some auto parts goes into effect this week. Automakers that import more vehicles and auto parts will be affected the most. Toyota, Hyundai and Nissan could all be significantly impacted.
Cheap cars were about to make a comeback—now tariffs threaten their existence
But cheap transportation under warranty had appeared ready to stage a rally over the past year. However, President Trump is enacting a 25% tariff on cars and car parts imported into the U.S. beginning this week.
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Trump's tariffs could spike US car insurance costs by 13%. Here's what you can do to save on car insurance
Florida drivers already pay some of the highest car insurance rates in the U.S., and those rates could go even higher if President Trump’s automotive tariffs go into effect in April. Floridians currently pay an average of $263 per month for full coverage car insurance,
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