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US car buyers fear sweeping auto tariffs will make things worse – Grahak Chetna

Grahak Chetna

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US car buyers fear sweeping auto tariffs will make things worse

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For two years, Jeannie Dillard has saved what she can on her fixed income to replace the vehicle that was stolen from her home and found totalled a few miles away.
She looked around a used car dealership in Virginia on Thursday, peering at sticker prices with a newfound worry: blanket tariffs on foreign cars and car parts that experts warn could drive up prices in the US, which kick in next week.
She’d like to buy a car now, she said, but “I have to wait until my finances improve”.
Ms Dillard is among the plethora of Americans bracing for expected economic turbulence under President Donald Trump’s sweeping auto tariffs – an unprecedented US trade policy manoeuvre.
“It took me a long time to save up for the last car,” she said. “If prices get too high, I’m obviously not going to buy something that I can’t afford.”

Courtesy: BBC

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