Steel, Aluminum Tariffs Could Raise Car Prices by $300 - News Summed Up

Steel, Aluminum Tariffs Could Raise Car Prices by $300


An upgraded steering wheel on a Volvo. A special paint color on a Mazda. That is what buyers may have to forgo if they don’t want to shell out more for a new car in the wake of the new tariffs on steel and aluminum instituted by President Donald Trump. Analysts estimate the levies will add about $300 to the price of vehicles bought in U.S. showrooms. That is about enough to cover some options offered by car makers.


Source: Wall Street Journal March 12, 2018 15:16 UTC



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