Trump auto tariffs

Auto Tariffs: What Impact On Michigan’s Auto Industry?

DETROIT - 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. Starting May 3, the tariff will also apply to imported car parts, such as engines and transmissions, which could add to

By |2025-04-08T09:48:06-04:00April 7th, 2025|ESD, mitechtv|

Auto Tariffs: How Much Impact On Retail Prices?

DETROIT - President Trump's 25% tariffs on imported cars took effect on April 3. The import tax has already triggered big moves by automakers, from layoffs to pauses in car shipments to delayed price hikes. As a result, industry analysts expect consumers to see higher car prices, and some buyers have been rushing to the

By |2025-04-07T16:25:00-04:00April 7th, 2025|ESD, mitechtv|