Steel Tariffs: A New Challenge for the Automotive Industry

Steel tariffs in the US

President Donald Trump’s tariffs on imported steel and aluminum have officially gone into effect. While these tariffs do not directly target vehicles, the resulting increase in steel and aluminum costs is expected to raise manufacturing expenses, inevitably pushing up the prices consumers pay for cars. Rising Car Prices A proposed 25% tariff on imported vehicles could lead to substantial price increases. For example, a car … Read More