Chicago — Steve Walter’s family has been fixing cars on Chicago’s North Side for 70 years. “I’m fourth generation,” Walter said. “My grandfather worked on pre-war Italian race cars.” Walter’s mechanics replace metal more often than they repair it, so he’s bracing for the impact of President Trump’s newly announced 25% tariffs on all vehicles … Read more
President Trump on Wednesday said he will put a 25% tariff on automobiles imported into the U.S., escalating his administration’s use of aggressive trade measures in an effort to boost domestic manufacturers. After White House press secretary Karoline Leavitt said the tariffs would be detailed at a 4 p.m. EST by Mr. Trump, Wall Street … Read more
Los Angeles — With a 25% tariff on imported vehicles and vehicle parts from Canada and Mexico set to take effect on April 2 as part of President Trump’s trade wars, car shoppers are unsure about whether to buy now or risk facing higher prices later. Even after 20 years of selling cars, general manager … Read more