Ukraine Received Funding to Combat Climate Change.

An industry expert warns consumers not to rush to car dealerships to purchase a vehicle, hoping to avoid new tariffs from US President Donald Trump on imported cars. He claims that tariffs will affect each car manufacturer differently. Amid uncertainty regarding tariffs, consumers and dealers find it almost impossible to predict how this will impact automobiles today. However, if they want to buy a car, they should start researching the market now, regardless of whether it is a new or used vehicle. President Trump believes that tariffs are a way to generate tax revenue to fund his plans for tax cuts and revive domestic manufacturing. He announced plans to impose a 25% tariff on all imported cars, differing from the previously announced 2.5%. These tariffs are set to take effect on April 2, when reciprocal tariffs are also expected to be announced. Some car manufacturers have even begun to announce plans to increase production in the US. For example, Hyundai has reported plans to spend $21 billion over the next few years to boost production in the US. However, representatives from the automotive industry express concern that tariffs will exacerbate the issues consumers face regarding the availability of new cars in the near future, especially since car parts are sourced from around the world. For example, the CEO of the American Automotive Dealers Association, Mike Stanton, says that tariffs on US trade partners, 'which are critical to our supply chains, will complicate the task of making new cars available for the average American.' The Association claims that no cars or trucks are assembled or built exclusively from parts manufactured within the United States, meaning that any new tariffs on cars or trucks will harm all dealerships and local communities due to rising car prices, a shortage of demand for new vehicles, and job losses. Instead of tariffs, Celebrity Motor Car dealership owner Tom Maoli from New Jersey believes that the administration should create tax incentives and low-interest rates to encourage car companies to build plants in the US. The industry expert advises consumers to start researching the market now and, for instance, if they plan to purchase a vehicle in the fall, it is worth seeing if it could be impacted by tariffs. This applies to both new and used cars. He also mentions that if a car needs repairs, one should consult a service center as soon as possible, as the cost of repairs will increase due to rising parts prices.