Trump’s ongoing 25% auto tariffs expected to cut sales by millions, cost $100 billion
As the U.S. grapples with the implications of former President Donald Trump's ongoing 25% tariffs on imported automobiles, the automotive industry faces significant challenges. These tariffs, initially implemented to protect domestic manufacturers, are now projected to cut sales by millions and cost the economy an estimated $100 billion. This article explores the ramifications of these tariffs on consumers, manufacturers, and the broader economy.
