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28-11-2024, 07:20 AM
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Tariffs of that magnitude on the roughly US$97 billion (S$130 billion) worth of auto parts and four million finished vehicles that come to the US from Canada and Mexico would be “devastating”, Wolfe Research analysts said in a note on Nov 26. Average new-car prices would rise about US$3,000, they said, adding to an almost US$50,000 cost that many consumers are struggling to afford.
https://www.straitstimes.com/business/co...car-prices
Tariffs of that magnitude on the roughly US$97 billion (S$130 billion) worth of auto parts and four million finished vehicles that come to the US from Canada and Mexico would be “devastating”, Wolfe Research analysts said in a note on Nov 26. Average new-car prices would rise about US$3,000, they said, adding to an almost US$50,000 cost that many consumers are struggling to afford.
https://www.straitstimes.com/business/co...car-prices
