Dr. Brian Kelly, an economics professor at Seattle University, explains how President Trump’s new tariffs will affect prices and production of cars. #newdaynw
SEATTLE — President Trump announced a 25% import tax on all fully completed vehicles brought into the United States, starting Thursday.
“It’s going to take a long time for the new factories to show up in the United States. So at least for the meantime, American consumers are going to see much higher car prices,” said Dr. Brian Kelly, an economics professor at Seattle University.
President Trump is also set to announce sweeping new reciprocal tariffs on Wednesday, which are expected
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