WKYC: Jonathan Ernest, assistant professor of economics at Weatherhead School of Management, warned that the new 25% auto tariff will raise vehicle prices—even for U.S.-made cars—due to reliance on foreign parts. He also noted that shifting supply chains could drive up costs, with consumers likely seeing price hikes within weeks.
Weatherhead's Jonathan Ernest warns about vehicle prices rising due to tariffs
MEDIA |
April 4, 2025
STORY BY: EDITORIAL STAFF
STORY BY: EDITORIAL STAFF