U.S. President Donald Trump's 25% auto tariffs will cover nearly $600 billion worth of vehicles and auto parts imports annually and extend to all computer imports into the U.S. - including laptops - according to a Reuters analysis of tariff codes included in a federal register notice on Wednesday.
President Trump said he is imposing tariffs of 25% on all foreign-made automobiles that will take effect at midnight.
The president’s new tariffs on imported vehicles and his plans to kill a popular tax credit will likely torpedo demand for vehicles made by American workers.
Experts say consumers looking to buy or trade in a new car should exercise due diligence to help mitigate costs.
One manufacturer told NBC News that she had managed to push the existing 45% duty on her products onto American customers.
With vehicle prices expected to rise sharply as a result of Trump's auto tariffs, many consumers are rushing to make purchases before the tariffs take effect.
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Trump is planning to enforce 25% tariffs on the auto industry, so why is Tesla cruising while others are in a spiral? Here's what to know.
Auto repair shops across metro Atlanta are preparing for car parts to get more expensive and harder to get as President Donald Trump imposes tariffs on auto imports. Channel 2′s Audrey Washington was in Conyers where she spoke with owners of an auto shop who say some parts could be delayed for months.
President Donald Trump announced sweeping new tariffs including a baseline 10 percent tax on imports from all countries.