Car prices expected to jump once 25% tariffs go into effect

Head of state Trump has actually revealed 25% tolls on imported cars and trucks and car components. According to a Goldman Sachs quote that can add $5,000-$ 15,000 to the cost of a foreign-made car and $3,000-$ 8,000 to cars made in the U.S. with components from abroad. NBC News’ Christine Romans spoke with an owner of dealerships in Michigan, that claims consumers are calling, seeking offers before the tolls kick in.

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