Car Buying Could Be Getting More Expensive

Business


New tariffs on foreign-made cars and parts could affect your sticker price.

President Trump is deciding whether to add a 20 to 25 percent tariff on foreign cars and foreign car parts after receiving a report from the Commerce Department on the threat foreign vehicles pose on national security.

US automobile companies argue the tariff could raise car prices for their customers and leave America behind in the development of new technology.

The tariff would also pose a threat to vehicles assembled in the u-s, running the risk of moving the plants overseas.

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