The idea behind automobile tariffs is to prioritize the manufacturing of American-made cars over imported cars. But U.S. customers could at some point see a $5,000 increase in imported car prices due to tariffs, a Rice University economist says.
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Trump’s tariffs likely will lead to rise in car prices, Rice University economist says
The idea behind automobile tariffs is to prioritize the manufacturing of American-made cars over imported cars. But customers in Houston and elsewhere across the U.S. could at some point see a $5,000 increase in imported car prices due to tariffs, according to a Rice University economist.