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President Trump plans to announce auto tariffs Wednesday, potentially raising car prices and affecting automakers.
President Trump is set to announce auto tariffs Wednesday at 4 p.m. EST, aiming to boost domestic manufacturing.
However, the move could pressure automakers relying on global supply chains and has already caused shares of General Motors and Ford to drop.
The tariffs could increase auto prices and reduce sales while new factories are built.
The exact details and impact on the North American automobile industry remain unclear.
5 weeks ago
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