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Spectre of auto tariffs spurs car buyers to rush purchases

Financial Express Lucknow

|

March 31, 2025

NEAL BOUDETTE COVERS the car industry from Detroit. For this story, Neal, Mark Bonamo and several other reporters fanned out to dealerships in New York, New Jersey, Florida, Michigan and Illinois.

- NEAL E BOUDETTE & MARK BONAMO

Ziggy Duchnowski spent Saturday morning car shopping along Northern Boulevard in Queens with two goals in mind.

He wanted to find a new small car for his wife, and he hoped to strike a deal before the new tariffs that President Trump is imposing on imported cars and trucks affect prices.

"The word on the street is prices are going to shoot up now," said Duchnowski, 45, a union carpenter who voted for Trump, holding the hands of his two small children.

The tariffs—25% on vehicles and parts produced outside the United States—will have a broad impact on the North American auto industry. They are supposed to go into effect on April 3 and are sure to raise the prices of new cars and trucks.

MÁS HISTORIAS DE Financial Express Lucknow

Financial Express Lucknow

Sebi steps in to fortify bond mkts

AT A TIME when retail participation in the bond market has been rising at a fast clip, the latest release from the Securities and Exchange Board of India, cautioning against unregistered online bond platform providers (OBPPs), is expected to serve as a wake-up call and put pressure on unregulated players seeking registration.

time to read

2 mins

November 27, 2025

Financial Express Lucknow

IMF directors urge India to replenish fiscal buffers

WHILE FISCAL CONSOLIDATION has progressed, achieving the fiscal deficit target remains challenging, necessitating disciplined spending and strengthened fiscal buffers to safeguard stability, the International Monetary Fund executive board directors in their report.

time to read

1 min

November 27, 2025

Financial Express Lucknow

SBI’s NIM target of 3% safe even if RBI cuts rate: Setty

STATE BANK OF India is confident of achieving its 3% net interest margin (NIM) guidance even if the Reserve Bank of India (RBI) decides to cut the repo rate by 0.

time to read

1 mins

November 27, 2025

Financial Express Lucknow

'Primary sales of AC makers subdued despite GST cut'

Blue Star, among the country's leading air conditioner (AC) manufacturers, sees high inventory levels in the industry reducing this December as demand from price-conscious consumers may pick up before the new energy efficiency norms come into effect in January.

time to read

1 mins

November 27, 2025

Financial Express Lucknow

Nithin Kamath raises red flag on crypto derivatives exchanges

ZERODHA'S FOUNDER AND CEO Nithin Kamath on Wednesday flagged concerns over the risks associated with trading on crypto derivatives exchanges as they exist in a 'regulatory limbo'.

time to read

1 min

November 27, 2025

Financial Express Lucknow

Top posts at SIDBI, other DFIs now open to pvt talent

THE GOVERNMENT HAS expanded its overhaul of financial sector appointments by opening top posts in development financial institutions (DFIs) - including SIDBI, NABARD, EXIM Bank, IFCI and NHB - to private sector talent.

time to read

1 min

November 27, 2025

Financial Express Lucknow

Maharashtra eyes $1-trn economy by 2030: Official

MAHARASHTRA AIMS TO unlock $850 billion in investment through its new industrial policy, state industries secretary PAnbalagan said at the 21st CII Manufacturing Summit here on Wednesday.

time to read

1 min

November 27, 2025

Financial Express Lucknow

ICIL sells 0.56% in Bharti Airtel

. 34.2 mn shares sold at floor price of ₹2,097.81

time to read

1 min

November 27, 2025

Financial Express Lucknow

Indices near all-time high as bears go into hiding

· DIIs pump in ₹7 lakh crore, highest in a year

time to read

1 mins

November 27, 2025

Financial Express Lucknow

Ahmedabad awarded hosting rights of 2030 CWG

AHMEDABAD WAS FORMALLY awarded hosting rights of the 2030 Commonwealth Games in Glasgow on Wednesday, paving the way for the multi-sport event’s return to India after two decades and giving impetus to the country’s audacious plan of becoming an Olympic host in 2036.

time to read

1 mins

November 27, 2025

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