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Price hikes, idled factories, layoffs: how car companies are responding to Trump’s tariffs from The Verge - All Posts RSS feed.

Price hikes, idled factories, layoffs: how car companies are responding to Trump’s tariffs

President Donald Trump’s 25 percent tariffs on all auto-related imports have been called “a debacle of epic proportions” and a sure-fire way to tank the auto market by crushing demand. Analysts have been predicting everything from $12,000 per vehicle price hikes to the possible “Cubanization” of the US car fleet. Now that they’ve had a […]