President Trump announces new auto tariffs
1. Trump introduces 25% tariffs on imported autos, impacting costs significantly. 2. Canada plans retaliatory tariffs, increasing costs for U.S. consumers. 3. Production disruptions may lead to 30% cut in North American vehicle output. 4. Cox Automotive predicts higher vehicle prices and potential job losses in the sector. 5. Tariffs could reduce sales and increase prices long-term, echoing past market trends.