A plan to reshore vehicle manufacturing by enforcing tariffs will certainly take years and need billions of bucks in investment. In the meanwhile consumers might see greater costs, and fewer choices. CNBC breaks down which vehicles are most likely most influenced and just how much rates are most likely to increase.
Chapters:
00:00 – 00:36 Introduction
00:42 Chapter 1: Why tariffs are consequential
02:25 Chapter 2: What it indicates for customers
03:48 Chapter 3: Wiping cheap cars and trucks from market
04:58 Chapter 4: Impact of diminishing demand
06:37 Chapter 5: Challenges of domestic production
Producer: Robert Ferris
Editor: Darren Geeter
Senior Managing Producer: Tala Hadavi
Cam: Kaan Oguz
Extra video footage: Getty Images
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How Tariffs Are Going To Jack Up Car Prices In The U.S.