None
EN
Car Sales Surge Ahead of Price Hikes, Plus the Industries Most Affected by Tariffs
['Kellianne Matthews', 'John Seetoo', 'Sep', 'Rich Duprey', 'David Moadel', 'Omor Ibne Ehsan', 'Chris Lange']
News Archives - 24/7 Wall St.
Auto sales were up 1.6%, as buyers rushed to purchase vehicles before expected tariff-driven price hikes.
These taxes on imported goods can reshape entire industries, supply chains, and the prices consumers pay for products.
This will lead customers to purchase goods not impacted by tariffs, costing big box retailers billions through lost sales and unsold inventory.
The projected cost increase for any tariffs placed on the aerospace industry could be as much as 10% to 15%.
While the Trump administration hopes to boost domestic production, automobile companies and those businesses in construction and manufacturing will see a big increase in the cost of raw materials.
['ahead'
'increase'
'higher'
'prices'
'hikes'
'car'
'getty'
'price'
'plus'
'big'
'costs'
'affected'
'impact'
'consumers'
'sales'
'surge'
'industry'
'industries'
'tariffs']