Which automakers are most susceptible to Trump's 25% car tariffs?
CBSN
President Trump on Wednesday announced 25% tariffs on vehicles and auto parts imported into the U.S. The new duties could lead to sticker shock on a wide range of automobiles for American consumers, including those manufactured here in the States, analysts say.
Few vehicle manufacturers will be spared by the fresh levies, which are aimed at revitalizing domestic automobile manufacturing. Industry analysts say the tax will surely raise car prices in the U.S. and squeeze some would-be car buyers out of the market.
Some manufacturers could move a share of production to the U.S., but it would come "at the expense of reduced competition, higher prices, and significantly lower production in the U.S.'s main trading partners," Oxford Economics analyst Abby Stamp said in a research note.
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