LONDON/WHITE LAKE, Michigan — Major automakers can deal with President Donald Trump's tariffs on US auto imports in a number of ways, but all of them lead to higher prices, fewer choices of models or limits on features for consumers, industry experts said.
LONDON/WHITE LAKE, Michigan — Major automakers can deal with President Donald Trump's tariffs on US auto imports in a number of ways, but all of them lead to higher prices, fewer choices of models or limits on features for consumers, industry experts said. Trump announced 25-percent tariffs on car and auto parts on Wednesday, sending global automakers' shares down and raising fears of job losses in big auto-exporting countries.
Automotive do not have that luxury. The France-based manufacturer started selling its off-road Grenadier model in the United States early last year at an average price of around $85,000, said CEO Lynn Calder. has since sold 8,000 vehicles in the US, or 60 percent of its total. 'I don't think it's possible to pass a price increase in the range of 25 percent onto a consumer,' she said. 'But equally, it's also very clear that we can't absorb it all.' She said
will split the burden between the company, its dealers and consumers, a hybrid solution where 'everyone hurts.'
Car Buyers Face Higher Prices Under Trump's Tariffs
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