Experts say Trump’s ‘shotgun approach’ to auto tariffs will raise prices for everything from used cars to insurance premiums and repair costs: ‘Virtually nothing goes unscathed’

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1. It’s concerning to hear that Trump’s approach to auto tariffs could have such widespread implications. The “shotgun approach” might seem like a quick fix, but as experts highlight, the ripple effects can touch nearly every aspect of the automotive market. Higher prices for used cars could make it more difficult for lower-income families to find affordable transportation, while increased insurance premiums and repair costs could strain budgets even further. This situation underscores the importance of carefully considering the broader economic impact of such policies before implementing them. It’s vital for any administration to weigh the immediate benefits against the potential long-term consequences for consumers and the overall economy.

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