Who's hurt most by auto tariffs, it's people buying the lower end of cars. Automakers need lower costs to hit $25k & $30k price points
New Auto Tariffs Are Now in Place, Driving the Industry into Uncharted Territory - Cox Automotive Inc.
It’s on! As our Chief Economist Jonathan Smoke feared, the “unthinkable” has happened. New automotive-specific tariffs of 25% on all imported vehicles are now in place. Finished automobiles are no longer flowing freely across North America, and key automotive free trade agreements have been scrapped. This significant shift in the automotive landscape is already creating … Continued
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