💨 Abstract

President Trump's proposed 25% tariff on imported vehicles will impact working-class car buyers the hardest as most low-cost new cars in the U.S. are built abroad. The tariff may force price increases on these vehicles, making them unaffordable or causing automakers to abandon them entirely. Used car prices are also expected to rise as demand surges and supply shrinks.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖