Trump's tariffs could push US auto prices higher by $12,000
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US cars could see price hikes of up to $12,000 if the Trump administration follows through with its 25% tariffs on imports from Canada and Mexico on Tuesday, according to the Anderson Economic Group.
Yahoo Finance senior autos reporter Pras Subramanian reacts to this data, which doesn't even take into consideration President Trump's steel and aluminum tariffs, metals that are also imported from the United States' two North American neighbors.
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This post was written by Luke Carberry Mogan.
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