Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Fox Business’ Madison Alworth describes how rented car companies have the opportunity to benefit from the automotive industry of automotive industry tariffs.
President Donald Trumps Recently announced automatic tariffs can potentially be a BOON for rental machine companies.
On Thursday, Hertz, the shareholding price of more than 20%, and another rental company made a double-digit increase in the same day.
The jumps of the rented car companies in Thursdays came a day after the president’s day New 25% Auto Import Tariff in early April.
President Donald Trump announced new car tariffs
“If some drivers buy a new, expensive vehicle, a rental car route,” If the Fox business reporter Madison Alworth reported. “Other causes are companies such as Hertz and Avis, after using cars such as rental cars, then sell in the car market.”
Hertz Corporation Logo (Pavlo Gonchar / Sopa Images / LightRocket Vitty Images / Getty Images)
The new tariff applies to passenger machines, light trucks and some car parts sent from other countries to other countries.
The White House will be allowed to confirm the contents and systems of the United States under the United States-Mexico-Canada agreement that the 25% tariff will be allowed only to the US non-US content. “
Trump’s 25% Auto Import Tariffs: These are the most effective manufacturers
According to Tariff, Alworth will not apply to rented cars sold in the car market used by rental companies such as Hertz and Avis.
“Thus, this tariff is more valuable today today,” he said.
| Ticker | Safety | Last | Change | Change% |
|---|---|---|---|---|
| HTZ | Hertz Global | 4.03 | -0.20 |
-4.82% |
| Car | AVIS BUDGET GROUP INC. | 72.80 | -1.36 |
-1.83% |
Along with the rental car companies, US Auto Parts, if the drivers decide to keep their existing cars for a longer period, Alwort stops to see more opportunities for repair work and parts.
“When your car is in the store, what do you do this time? You go to the company for rent like Hertz,” he said. “It also helps these shares.”
This New car tariffs It is expected to be effective on April 2.
President Donald Trump, in the oval office of the White House in Washington, March 26, 2025 (Francis Chung / Politico / Bloomberg Getty Imager / Getty Images)
Trump keeps the word, provides a great victory for autooworters, says the leader of the Union
President of the American Automobile Policy Assembly Matt Blunt, in a statement on Wednesday, “critical” tariffs “are carried out in a way that consumes the competitiveness of the integrated North American automotive industry, which is the main success of the President’s USMCA Agreement.”
Trump claimed that automatic tariffs will build car companies more factories and hire more employees in the United States
