Analysts predict a 25% tariff on imported cars and auto parts by the U.S. could significantly affect Jaguar Land Rover and numerous Indian auto component manufacturers.
President Trump’s executive order imposing tariffs on imported cars and light-duty trucks is set to affect numerous automakers and auto suppliers, impacting production and potentially consumer costs.
Dow futures saw an increase after the announcement of a potential drop in auto tariffs by Trump. Analysts predict that the tariffs could impact vehicle prices.
