Even if you’re not in the market for a new car, U.S. President Donald Trump’s 25% tariffs on auto imports could make owning one more expensive.
"The prices in the wholesale market have skyrocketed already and it's going to get worse," one car seller told the BBC.
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Commerce Committee member Sen. Bernie Moreno, R-Ohio, applauds President Donald Trump's tariff on foreign-made cars on 'The Story.'
CINCINNATI (WKRC) - Local dealerships are bracing for a 25% tariff on imported cars and car parts starting next week. The White House said that the tax will protect and strengthen the United States' automotive sector.
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The New Republic on MSNTrump Pardons One of the Car Industry’s Biggest Scammers—Just in TimePresident Trump on Thursday pardoned Trevor Milton, the founder of the bankrupt electric truck company Nikola who was sentenced to four years in prison for securities and wire fraud charges in 2023—right before he had to pay millions in restitution. Milton famously exaggerated the green tech of his hydrogen trucking start-up, defrauding investors.
He’s dead set on remaking the economy on his import substitution model.