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Trump's auto tariffs to cover more than $460 billion of US vehicle, parts imports

  • Trump's 25% tariff on imported cars began on April 3, impacting vehicle prices overall.
  • Goldman Sachs estimates that foreign-made cars may see price increases between $5,000 and $15,000 due to the tariffs.
  • Ford plans to lower car prices temporarily to encourage sales as consumers rush to buy before the tariff impact.
  • Consumers are purchasing vehicles now to avoid future price hikes, indicating increased market anxiety.
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  • 37% of the sources are Center
37% Center
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IER broke the news in on Wednesday, April 2, 2025.
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