Experts say Trump’s ‘shotgun approach’ to auto tariffs will raise prices for everything from used cars to insurance premiums and repair costs: ‘Virtually nothing goes unscathed’

Quick Summary:

Same goes for maintenance costs.

President Trump on Wednesday announced a 25% tariff on imported cars and car parts.

"Even before this, existing inventory in the U.S.will gain value as dealers and buyers will anticipate lower supply and higher prices.

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Article Details

Author / Journalist: Dave Smith

Category: EconomyBusiness

Markets: United States

Topics: Car Dealerships Autos Car sales Tariffs and trade Tariffs

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-27 @ 15:15:27 (6 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 449 words

Reading Time: 3 minutes read

Sentences: 4 lines

Sentence Length: 113 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27370917

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About Fortune

Main Topics: EconomyBusiness

Official Website: fortune.com

Update Frequency: 75 posts per day

Year Established: 1929

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

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