Local auto parts stores prepare for impacts from tariffs
- President Trump is expected to announce new tariffs on car imports, impacting car repair shops.
- Trump aims to address the trade deficit, but the tariffs could raise car ownership costs.
- Tom's Auto, a Fern Park repair shop, relies on Chinese-made parts, potentially increasing customer prices.
- Tom Galaida, owner of Tom's Auto, stated that increased supplier costs would lead to higher customer prices.
- Trump's 'Liberation Day' plan includes tariffs of 20-25% on imports, prompting retaliatory measures from other countries and potential economic recession.
17 Articles
17 Articles
Tampa Bay lawmakers worry about ‘devastating’ effects tariffs would have on families, small businesses
TAMPA, Fla. (WFLA) — A series of new tariffs go into effect Wednesday, including a 25 percent tax on foreign-made cars and auto parts. At Rubber City Tire & Auto Repair in St. Petersburg, CEO Cesar Grajales said the new tariffs will impact his prices, as the tires and parts they use to repair your car will be more expensive. "Everything is going to go up. All the parts are going to go up- wheels, everything. There's a lot of stuff we get importe…
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