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Trump's tariffs start tonight at midnight. Whoo hoo!!!
According to a recently released study, President Donald Trump’s upcoming tariffs against Canada and Mexico are set to significantly increase car prices, adding to rising costs for everyday goods consumed by most Americans. At the same time, Trump has largely ignored the affordability issue even as national polls show rising consumer anger.
The study from Michigan’s Anderson Economic Group determined that the tariffs could lead to as much as an additional $12,000 added to the cost of a car purchase which would likely be passed on to consumers. The group estimates that the cost of a crossover utility vehicle would rise by at least $4,000 and that electric vehicle costs would be three times that.
“That kind of cost increase will lead directly—and I expect almost immediately—to a decline in sales of the models that have the biggest trade impacts,” Patrick Anderson, the CEO of the group, told Bloomberg.
Billionaire Warren Buffet recently criticized Trump’s tariff plans, calling them an “act of war” in a new documentary.
“Over time, they are a tax on goods. I mean, the tooth fairy doesn’t pay ’em!” Buffet said.

You might have to postpone buying a new car thanks to Trump's tariffs
According to a recently released study, President Donald Trump’s upcoming tariffs against Canada and Mexico are set to significantly increase car prices, adding to rising costs for everyday goods consumed by most Americans. At the same time, Trump has...
www.dailykos.com