The Trump tariff ‘chain reaction’: America’s car and auto insurance payments could soar by $24 billion

Quick Summary:

Even if you're not in the market for a new car, U.S.

President Donald Trump's 25% tariffs on auto imports could make owning one more expensive.

Used cars often have to be serviced before dealerships can sell them back to customers — again opening the door for higher repair costs due to tariffs.

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Article Details

Author / Journalist: The Associated Press, Wyatte Grantham-Philips

Category: EconomyBusiness

Markets: United States

Topics: Autos Tariffs and trade General Motors Insurance Donald Trump Ford Motor Car

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-29 @ 10:03:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 1216 words

Reading Time: 7 minutes read

Sentences: 5 lines

Sentence Length: 244 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27397749

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About Fortune

Main Topics: EconomyBusiness

Official Website: fortune.com

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Year Established: 1929

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

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