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U.S. President Donald Trump has raised tariffs by 20% on China since January over its alleged role in the U.S. fentanyl crisis, and threatened a swath of new tariffs.
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Dow Jones Futures: Trump Tariff Losses Continue; Nvidia-Backed CoreWeave IPO A Bad Sign For AI Stocks Investor's Business DailyStock market today: Dow, S&P 500, Nasdaq futures waver as Wall Street faces escalating trade war Yahoo FinanceCNBC Daily Open: Auto tariffs put markets in reverse gear CNBC
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Trump Warned U.S. Automakers Not to Raise Prices in Response to Tariffs The Wall Street JournalNoted economist honored by Trump warns that 25% tariffs risk 'irreparable damage' to US automakers The Associated PressAdjusting Imports of Automobiles and Autombile Parts Into the United States The White HouseMichigan lawmakers react to Trump auto tariffs Detroit News
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President Trump's newly announced 25% import tariffs on foreign cars will increase vehicle prices by thousands of dollars, experts say, but Tesla is likely to fare better than other carmakers.
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Many firms are enthused by Trump's proposals to cut taxes and regulation, but there's mounting concern that his tariffs will raise prices and squeeze margins.
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With sweeping auto levies, the president is putting his beliefs about tariffs into practice on the global economy. Economists aren't optimistic.
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President Trump's 25% tariffs on auto imports could put a financial squeeze on automakers that depend on global supply chains.
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Experts say the 25 percent import fee will make many cars more expensive, but it is not clear when, by how much or which models.
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Almost half of the cars sold in the U.S. last year were imported.
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