Summary
- Automakers may stop selling affordable models, impacting U.S. consumers
- Tariffs could add $3,000-$6,000 to vehicle costs, Cox Automotive predicts
- Automakers face tough decisions on production and supply chains
LONDON/WHITE LAKE, Michigan, (Reuters) – Major automakers can deal with President Donald Trump’s tariffs on U.S. auto imports in a number of ways, but all of them lead to higher prices, fewer choices of models or limits on features for consumers, industry experts said. Continue reading “US car buyers face higher prices, less choice under Trump’s tariffs”