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Trump's tariff threats: Car prices are about to soar.
The new Ford F-150 truck passes through the production line at the Ford plant in Dearborn, Michigan. The threat of tariffs on imports from Canada and Mexico is looming once again. This could quickly lead to significant increases in car prices, and those assembled in the USA are no exception. This is because the automotive industry has operated under the assumption of a single market in North America for decades, allowing Auto Parts and complete vehicles to flow freely across borders between these three countries. Therefore, there are essentially no fully USA-made cars assembled from only American-made parts. This week, President Donald Trump stated that
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External headlines: Powell reiterated to Congress that the Federal Reserve is not in a hurry to lower interest rates. Intel surged, and the Ford CEO stated that the USA's tariff policy has caused "chaos" in the Autos industry.
The main headlines that Global financial media focused on last night and this morning include: Powell reiterated to Congress that the Federal Reserve is not in a hurry to lower interest rates and that inflation expectations remain quite stable. Federal Reserve Chairman Powell stated that the central bank does not need to rush to adjust interest rates, further implying that officials will remain patient regarding interest rate cuts. During his testimony before the Senate Banking Committee on Tuesday, Powell said, "Given that our policy stance is significantly less restrictive than before and the economy remains strong, we do not need to rush to adjust our policy stance." He added, "We know that weakening policy restrictions too quickly or too much could hinder progress in combating inflation."
Shareholders Can't Ignore US$8.3m Of Sales By America's Car-Mart Insiders
