From Zacks Investment Research: 2025-04-01 19:14:00

President Trump announced a 25% tariff on auto imports to the US, aiming to boost the economy, despite market concerns. Industry experts warn of potential repercussions including price hikes, job losses, and retaliatory tariffs from other countries. Trump believes tariffs will drive automakers to shift production to the US, but critics fear negative effects. The tariffs are expected to increase car prices, impacting consumers and sales. Investors can monitor ETFs like CARZ, FDRV, DRIV, KARS, and FTXR for potential market shifts due to the tariffs.



Read more at Zacks Investment Research: Auto Industry Feels the Heat as Trump’s Tariffs Hit: ETFs to Consider – April 1, 2025