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With and increase in U.S. tariffs on steel and aluminium; would this translate into higher car prices? They're going to enact tariffs of 25 percent on steel and 10 percent on aluminum very soon. Toyota said "...this would substantially raise costs and therefore prices of cars and trucks sold in America." Hopefully the prices won't increase by much.

https://www.cnbc.com/2018/03/01/toyota-warning-tariffs-will-push-up-auto-prices.html
 

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I just saw this article yesterday and I have no idea why they would make any changes to trade agreements that could increase vehicle prices locally. From what I remember reading they also said that this could also result in outsourcing materials, which could also have an impact on jobs. Not great timing as we've been seeing a couple automakers bringing new baseline models at lower prices than we've seen in the past.
 

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With and increase in U.S. tariffs on steel and aluminium; would this translate into higher car prices? They're going to enact tariffs of 25 percent on steel and 10 percent on aluminum very soon. Toyota said "...this would substantially raise costs and therefore prices of cars and trucks sold in America." Hopefully the prices won't increase by much.

https://www.cnbc.com/2018/03/01/toyota-warning-tariffs-will-push-up-auto-prices.html
Thankfully we live during a time that a lot of used cars offered right now will last a very long time so buying something to the effect of the upcoming TJ for $10-15k less is very possible. That way we can wait out a time of increased prices like what we might see.
 

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Maybe this will cause Toyota to hold back on models they don't deem all that profitable and delay the Tj Cruiser even more. The Tariff will go into effect in around 15 days, meaning companies are already increasing prices in preparation... Guess we'll see just how much of an effect this will have on car prices. Would be a real shame if Toyota had to increase prices more than $1k. There's so much people are willing to pay because of this tariff before it becomes ridiculous.
 
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