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New tariffs on auto parts take effect Saturday

New tariffs on auto parts from China, ranging from 10% to 25%, took effect on Saturday, impacting a variety of components including engines, transmissions, and tires, as part of the ongoing trade war between the U.S. and China. These tariffs are expected to increase the cost of auto parts for U.S. manufacturers and consumers, potentially leading to higher vehicle prices. The U.S. auto industry has expressed concerns about the tariffs, with some companies considering relocating their manufacturing operations to other countries to avoid the additional costs. The tariffs are part of a broader strategy by the U.S. to pressure China into changing its trade practices, although negotiations between the two countries have yet to result in a comprehensive trade agreement.

Read the Full WMUR Article at:
[ https://www.wmur.com/article/new-tariffs-on-auto-parts-take-effect-saturday/64660775 ]