Trump, auto and tariff
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Auto tariffs set to take effect within days pose car buyers with a choice: Do they dash out to dealerships ahead of possible price increases totaling thousands of dollars?
From ABC News
Asian stocks were mostly lower Friday as investors mulled uncertainties brought by U.S. President Donald Trump’s latest tariffs.
From U.S. News & World Report
"I think you're going to have a country that's going to boom."
From Reuters
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Find out what's making car insurance so expensive. And, once you know why car insurance is so high, you'll be better able to find ways to keep costs down.
The tax hike starting in April means automakers could face higher costs and lower sales, though Trump argues that the tariffs will lead to more factories opening in the United States and the end of what he judges to be a “ridiculous” supply chain in which auto parts and finished vehicles are manufactured across the United States, Canada and Mexico.
Auto stocks have remained under pressure after Donald Trump announced new tariffs on the industry. All cars entering the US from friendly and foe countries will receive a 25% tariff, a move that will hurt most companies.
Gold prices climbed back towards last week's record high on Thursday after U.S. President Donald Trump announced new tariffs on auto imports starting next week, escalating global trade tensions that have been driving safe-haven demand for gold.