Vehicular Assault: Proposed Auto Tariffs Will Hit American Car Buyers’ Wallets | PIIE

Vehicular Assault: Proposed Auto Tariffs Will Hit American Car Buyers’ Wallets | PIIE: President Donald Trump’s proposal in May to impose 25 percent tariffs on imported automobiles, SUVs, vans, trucks—as well as all auto parts—will raise car prices significantly, suppressing sales and pushing some buyers with modest incomes out of the new car market entirely.