Trump, reciprocal tariff
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The price of a typical car could rise by between $5,000 to $10,000 "out of the gates" due to the new tariffs, according to a March 31 estimate from Wedbush Securities analyst Dan Ives.
From CBS News
Trump has announced a sweeping tariff plan that's to take effect in the coming week.
From USA Today
World markets were left reeling on Thursday after U.S. President Donald Trump unveiled reciprocal tariffs to match duties put on U.S. goods by other countries.
From Reuters
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Welcome back to Critical Materials, your daily roundup for all things electric and tech in the automotive space. Dealers might wake up to an unsettling email in their inbox from Hyundai corporate this morning. Plus, U.S. auto buyers could start to feel the effects of tariffs in May, and Elon Musk is preparing to depart from DOGE. Let's jump in.
Car dealerships are preparing for changes after President Donald Trump placed a 25% tariff on auto imports, and a Myrtle Beach Hyundai dealer discussed what impacts those changes could have. Car dealers in the Grand Strand and Pee Dee are bracing for the unknown after the tariff on imported cars
Hyundai posted record Q1 sales, but new tariffs may impact pricing and demand as the automaker evaluates its strategy moving forward.
S&P Global Mobility forecasts that U.S. light-vehicle sales could drop to between 14.5 and 15 million units annually in coming years.
The Ioniq 9 is on the way with the official opening of Metaplant America, though the wider impact of the tariffs on suppliers has yet to be felt.
President Trump's 25% auto tariffs could disrupt global trade, hike car prices, and strain relations with allies.
U.S. President Donald Trump last Wednesday announced sweeping 25% tariffs on cars “not made in the U.S.,” sending shockwaves through global automakers.
4hon MSN
One central Iowa car dealership says it saw a sharp increase in sales during March, ahead of new auto tariffs going into effect.
A Western Massachusetts electrical and mechanical contractor focused on industrial projects thought 2025 was going to be a banner year. Then last month, the company had a $1 million project canceled with just 48 hours of notice and has seen half the projects that had been on the drawing boards for the rest of the year either put on hold or called off,