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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTariffs on car imports could raise prices by nearly $7,000
NEW YORK -- At his Honda dealership in Queens, New York, general manager Brian Benstock is warning customers and employees that price hikes could be coming.
"We're always telling our customers to buy now," he said. "Now is a good time. Prices are gonna go up. Potentially go up. But to put some fear in the market. And fear is not a good thing."
The proposed 25 percent tariff on imported cars and auto parts from Europe and elsewhere could give buyers sticker shock. Consumers could be shelling out nearly $7,000 more per vehicle. The Honda Civic could cost an extra $1,100. The Ford Escape up nearly $1,600 and the Audi Q5 could run nearly $6,000 higher.
It's not just customers shopping for cars that will feel the impact. The entire auto sector could take a hit. According to an industry study, the impact of tariffs could have the opposite effect of helping the U.S. car and parts industries. A 25 percent tariff on automotive and parts imports could lead up to 2 million fewer U.S. vehicle sales and could cost as many as 117,500 auto dealership jobs.
https://www.msn.com/en-us/money/markets/tariffs-on-car-imports-could-raise-prices-by-nearly-dollar7000/ar-BBKQ2F6?li=BBnbfcN
Winning baby!!!
Response to Yo_Mama_Been_Loggin (Original post)
dalton99a This message was self-deleted by its author.
dalton99a
(81,062 posts)Afromania
(2,767 posts)those as well. We'll finally get to see trickle down economics in action! Tariffs at the top and higher prices hitting every branch on the way down.
Thanks trump.
beachbum bob
(10,437 posts)1950's neo-econ view driving all this
duforsure
(11,882 posts)to hurt our economy, and hurt China, and to give them billions from it, and for putins revenge.
Sherman A1
(38,958 posts)we went car shopping last week and are good for awhile now. I will also replace my desktop computer soon in order to beat the tariffs and other such goodies that are sure to hit.