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- President Donald Trump announced 25% tariffs imported cars and car parts. Experts say this will not affect new cars and not to use cars, insurance premiums and maintenance costs. Edmunds’ Insights Director Ivan Dryury called the “rifle approach” “Almost nothing is left unsuitable.”
Trump on President Wednesday Announced a 25% tariff imported cars and car parts. Many believe that this action will affect the cars, their MAAR prices and sub-lines, many experts will have extensive ripple effects of this tax.
“US consumers will likely take care of the existing cars for a longer period, so the car prices used in the UBS will also be affected by the Paul Donovan, Paul Donovan,” Fariffs are not taking car prices. ”
Ivan Dryure, Edmunda’s understanding director, tell USA today Consumers can expect price increases for everything, including insurance premiums and maintenance costs.
“This is a shotgun approach,” he said. “In fact, nothing is left unsuitable.”
Steve Birkett said the consumer lawyer and a home expert from findthebestcarprice.com Fortune For insurance rates, these price changes can be “inevitable for new and rising label prices”, but if the 25% tariff comes into force “inevitable”.
“Insurers will be affected by the costs and repair costs of changing the base rates, and both tariffs will be affected by the tariffs,” Birkett said.
Erika Tortorici, owner and director of optimal insurance solutions, explained Fortune “Insurance rates are already stretched up and consumers should wait for this example,” they need to continue this example because they regulate their prices to consider rising costs due to tariffs.
“Insurance companies must protect profitability,” the tortorici said. “If they pay more claims than they bring, they cannot continue their work.”
“The decline in prices is mainly behind us,” he said.
BSI, the director of Tony Pelli, Supply Chain Specialist and Advisory Company, explained Fortune Consumers can expect prices to start “in a few weeks.”
“Integrated North American supply chains, any tariff or expenses increase in a” timely “fashion will be coordinated in a” timely “fashion,” Pelli. “Previously, the existing inventory in the United States will earn the cost of the existing and buyers will wait for lower supply and higher prices.
Editorial Director Greg Migliore, told Autoguide Yahoo Finance If you want to buy a car in an interview on Thursday, or use it, you may want to try to decide “in the next few days even this weekend”.
“We will most likely see the price increase – $ 5,000, perhaps $ 12,000, depending on the vehicle and maybe severely affected,” Migliore said. “It will be quite complicated.”
Read more:
- Caucasan’s new leader Mark Carney Trump called 25% of the car tariffs’ direct attack ‘to the country:’ America wants to break us.
- Rolls-Royce owner Donald Trump took a hammer to $ 8 billion in Britain’s $ 8 billion
This story was first displayed Fortune.com
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