Trump’s tariffs are expected to increase costs across industries, with the automotive sector being hit particularly hard, experts say.
The Trump administration’s reciprocal tariffs have caused concern about expected impacts and what exactly will become more expensive.
The president argues the tariffs are fair and will help make America wealthy again.
“That means they do it to us, and we do it to them, very simple, can’t get any simpler than that,” said President Trump.
While reciprocal tariffs may vary per country, the tariff on the automotive industry is steadfast.
A 25% tariff went go into effect for all foreign-made
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