New York CNN —
Get ready to pay more for your next car. Auto prices in the United States will start to rise very soon – perhaps within the next few weeks.
That’s because President Donald Trump once again announced plans for 25% tariffs on imported cars and parts that will go into effect April 3, a move that will raise the cost of producing all cars sold in the United States – both imports and those built in American factories – by thousands of dollars each.
Those additional costs will rapidly lift car prices
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