DETROIT — New car prices are rising again in the United States, but this time the pressure is coming from multiple directions at once — and Michigan sits directly in the crosshairs. A combination of import tariffs, supply chain costs, and now a global oil shock tied to the Iran conflict is pushing vehicle prices
DETROIT - President Trump said he launched his tariff program to force US and foreign manufacturers to build factories in the United States. Instead, in some cases, domestically produced vehicles cost more than those imported from abroad, says Paul Eisenstein, auto writer for Headlight.News. So far this year, US auto makers have eaten the tariff
Tariffs on imported goods can have a wide ripple effect on prices, especially in the auto industry where supply chains are global, complex, and highly sensitive to cost changes. In this graphic, we reveal how tariffs will impact U.S. car prices, assuming a flat 25% tariff is applied onto vehicles imported from outside North America.
DETROIT - President Trump's Tariffs Are Already Hitting the Auto Industry Hard. Long-time auto journalist Paul Eisenstein, at Headlight.News, said Michigan will feel the tariffs' impact especially hard on the state's largest industry. The impact comes in a number of ways. Those Include: 1) Higher prices on foreign-made vehicles 2) Higher prices on US vehicles
LANSING - President Trump's 25% tariffs on imported cars took effect on Thursday. The import tax has already triggered big moves by automakers, from layoffs to pauses in car shipments to delayed price hikes. Then On May 3, the tariff will also apply to imported car parts, such as engines and transmissions, which could add
WASHINGTON - President Trump on Wednesday announced he was imposing a 25 percent tariff on foreign-made vehicle imports, marking the latest escalation of his trade war against other nations. Trump said in the Oval Office that the 25 percent tariff would apply to “all cars not made in the United States.” The tariffs will go into
