President Trump is putting a 25% tariff on cars and some auto parts imported into the United States. It's likely going to cost you more to buy a new or used vehicle or repair the one you have. Yahoo Finance Autos Reporter Pras Subramanian speaks with Celebrity Motor Car Company owner Tom Maoli about what the tariffs mean for his business.
Analysts say brands such as Lexus, Toyota, Honda and Subaru are likely to be among the first to face higher costs.
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FOX Business correspondent Madison Alworth reported that President Donald Trump’s recently announced auto tariffs could be a boon to rental car companies.
Even if you're not in the market for a new car, U.S. President Donald Trump's 25% tariffs on auto imports could make owning one more expensive.
President Donald Trump said on Saturday that he “couldn’t care less” if car prices spike because of his 25 percent tariffs on auto imports, saying the levies will prompt more people to buy American cars.
President Donald Trump has announced a 25% tariff on imported cars and key auto parts. Here's what it means for consumers and automakers.
Trump's 25% auto tariff to impact car prices and insurance rates in North Texas 02:22. EDITOR'S NOTE: The Trump administration announced it will impose a 25% tariff on auto import