Donald Trump is back with his latest 'tariff bomb' and this time, the automotive industry is the victim!
After imposing various tariffs that have dealt a major blow to the American people and the world, Trump is now adding to the burden with new import taxes on American vehicles.
With a 25% tariff on steel and aluminum, as well as import taxes from Canada, Mexico, Japan, and the EU, car prices are expected to soar, especially for electric vehicles (EVs).
Car manufacturers? They are not just biting their own fingers and toenails!
If these tariffs are enforced, vehicle prices could rise by up to 8%.
Manufacturers are stuck investing in EVs or returning to gasoline vehicles?
With government policies changing every day, the direction of the automotive industry is increasingly uncertain.
According to J.D. Power, car buyers in America are now stuck at a crossroads.
If their people are already dizzy, what about us out there?
Will the price of cars double or even triple?
