Federal government tariffs may increase car prices
SAVOY, Ill. (WCIA) — New tariffs from the federal government could make people's purchases at the car dealership more expensive, and one Champaign County worker is weighing in.
On Wednesday, President Donald Trump announced 25% tariffs on vehicles and auto parts imported to the U.S., calling Wednesday 'Liberation Day.' One dealership manager in Savoy said he doesn't think it'll impact them right off the bat because they have a steady back order of cars set to come in.
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However, he did say he would expect to see a change around July but is still unsure of how things will play out until they get to that point.
'I wouldn't change my life over things I can't control. And we've been doing this a long time,' said Serra Champaign Manager Ben Quattrone. 'And if it has to do with your auto needs, we'll share automotive, we'll figure it out. We'll just come on in with the same need or want that you want, and we'll figure it out. And if we don't, well, we'll figure it out when the tariffs are over.'
Trump also placed 10% tariffs on all goods brought into the U.S., plus a reciprocal tariff added which means the U.S. will now match other countries on certain products. That could affect several different grocery products.
The 10% worldwide tariffs will go into effect April 5, and for the higher reciprocal tariff, they'll start next Wednesday April 9.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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