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  Tariffs serve as an additional tax on imported goods. The basic ideology behind using tariffs is to encourage local production by making goods that come oversees far too expensive. In theory the idea behind tariffs may seem sound and even somewhat patriotic however, it does not take under effect the fact that almost all modern manufacturing and production is part of the global supply chain and cutting out key suppliers that are able to manufacture various components and materials can have a devastating effect on the consumer and the US economy.   car parts     One of the goods that is most impacted by these new tariffs are automotive parts. Regardless if you own a   Ford   or a   Honda , regardless if your car was assembled in a US factory or abroad, we are all effected by tariffs as they have significant implications for the cost of owning and maintaining a vehicle. The parts for both domestic and foreign brands are sourced from various countries to...

  The implementation of tariffs on goods coming from foreign countries by the Trump administration has had far-reaching effects on various sectors of the U.S. economy, including the automotive industry. These tariffs, target the materials such as steel, aluminum, as well as a lot of various vehicle components found in foreign and domestic vehicles. It is projected that these tariffs will have a devastating effect on the auto industry as a whole. To fully understand the gravity of this unprecedented change in US foreign relations we want to outline some details as well as the changes.   The effects that Trumps tariffs will have on car prices     Defining Tariffs   Tariffs are taxes imposed on imported goods, designed to protect domestic industries by making foreign products more expensive. The Trump administration introduced several significant tariffs, including a 25% tariff on steel and a 10% tariff on aluminum in 2018. Additionally, there were discussions and ...