Dealerships are reacting with alarm to the new Trump tariff

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Dealerships are reacting with alarm to the new Trump tariff

· we’re tracking the responses that automakers are having to the global tariffs to see exactly what actions they’re taking and how car shoppers will be affected. · washington — president donald trump s tariff threats do not yet appear to be having a major impact on new vehicle sales, but they drove tama smith to buy out her lease on a 2022 chevrolet. · hyundai is encouraging its dealers to see the looming tariff price increases as a selling opportunity, according to a memo sent by a regional sales manager reviewed by bloomberg news. · on wednesday, trump announced new import taxes of 25% on cars and car parts entering the us from overseas, which go into effect on 2 april. · news of trump ’ s dizzying range of import taxes has piled up for months ahead of his auto tariffs rollout, spurring some shoppers to head to dealership lots before sticker prices rise. Charges on businesses importing vehicles are expected. · industry dealers and analysts are reacting to the news of trump s 25% tariffs on imported vehicles saying it will dramatically raise costs for all. · car dealerships across the u. s. Brace for impact as tariffs take effect it’s too early to tell what the outcome will be, and dealer owners range from alarm to enthusiasm.

Trump says hes looking at certain part-specific tariff exemptions for

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