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Automotive sector feels tariffs heat
The Citizen
|April 08, 2025
Fearing that US President Donald Trump's 25% tariffs on imported cars and auto parts could spark "paranoia" and drive up prices, Arthur Bibbs has decided to go ahead and buy a secondhand truck.
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Magnolia - Fearing that US President Donald Trump's 25% tariffs on imported cars and auto parts could spark "paranoia" and drive up prices, Arthur Bibbs has decided to go ahead and buy a secondhand truck.
"I lost my truck in a storm and I wanted to buy a vehicle as soon as possible before things get too complicated," said Bibbs, a 38-year-old Texan who works for an electric company.
In the vast southern US state where oil, agriculture, livestock and energy businesses dominate - people love their trucks.
In Houston, the largest city in Texas and the fourth-largest in the United States, 80% of new vehicle purchases are for trucks, according to the Houston Automobile Dealers Association.
Cette histoire est tirée de l'édition April 08, 2025 de The Citizen.
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