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Even with new tariffs on imported cars and car parts, American car buyers paid slightly less in May for new vehicles.
Americans bought fewer foreign pharmaceuticals, cellphones and cars, and cut purchases of machinery and other supplies.
The 50% steel and aluminum tariffs could lead to higher prices on everything from cars to home and office supplies.
Analysts say most of the vehicles sold in May were already on dealer lots before the tariffs took effect, helping to keep prices in check.
Our car sales expert on how the Trump administration’s tariffs on imported new cars and parts will affect used car prices.
Rising tariffs are beginning to push new and used car prices higher across the U.S. as pre-inventory dwindles.
Switzerland, meanwhile, is responsible for nearly all of America’s imported precious metal watches. Ethiopia, on the other ...
Tariffs on aluminum and steel imports just doubled, to 50%. Martha Gimbel of Yale's Budget Lab talks about what the tax on foreign metals will mean for Americans looking to buy cars and canned goods.