Car buyers are rushing to U.S. dealerships ahead of Trump’s 25% tariffs on imported vehicles and parts, according to the Financial Times. Trump plans to impose 25% tariffs this week on vehicles and parts from Europe, Japan, South Korea, Mexico, and Canada, which could add up to $10,000 on the cost of most vehicles and $12,000 on electric vehicles. Analysts warn this pre-tariff surge will likely reverse by mid-year as prices rise.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Russian U.S. dealerships out of Trump's 25 percent tariffs
00:05on imported vehicles and parts, according to the Financial Times.
00:08President Trump plans to impose 25 percent tariffs this week
00:11on vehicles and parts from Europe, Japan, South Korea, Mexico and Canada,
00:16which could add up to $10,000 on the cost of most vehicles and $12,000 to electric vehicles.
00:22Analysts warn this pre-tariff surge will likely reverse by mid-year as prices rise.
00:26For all things money, visit Benzinga.com slash GSTV.