Trump's Tariffs Affect Auto Industry
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additional tariffsMoneywise
•Technology
Technology
Auto tariffs have dealerships, repair shops paralyzed with uncertainty. Here's how drivers can stay in control
72% Informative
President Trump moved forward with 25% tariffs on imported cars last week .
Trump recently initiated a 90-day pause on most of his global tariffs, but those levied against Canada and Mexico reportedly remain in effect.
Many auto makers, mechanics, industry experts and consumers are worried about the future for their customers.
American manufacturers and dealerships occasionally offer discounts that can lower the price of a new car purchase.
Auto experts Keith Barry and Jeff S. Bartlett recommend hanging onto your existing car for as long as possible and keeping it well maintained.
Your car might be worth more once the effects of tariffs kick in.
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