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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 ...
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Cheung suggested for car buyers to go to the dealership and ask which cars are made domestically and which ones might be imported, as imported vehicles and car parts are facing the tariffs.
President Trump’s auto tariffs are expected to lead to higher car prices, but they could also make repairs more costly.
Higher prices and fewer options are coming if import duties on foreign-made cars persist.