U.S. Auto Tariffs Impact Prices
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Canadian auto importstorontosun
•Technology
Technology
New and used car prices set to rise due to Trump tariffs: experts
77% Informative
U.S. tariffs on Canadian auto imports will drive prices higher for both new and used cars.
President Donald Trump has enacted 25 per cent duties on imported vehicles, with temporary reprieve for some parts compliant with the Canada -U.S.-Mexico free trade agreement.
Consumers are likely to trade down to used cars or delay major vehicle purchases as they grapple with uncertainty and higher prices.
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