The first financial quarter of the year has been marked with big changes for the global economy. This year, the U.S. has announced a universal 10% tariff to be placed on all imported goods and added additional tariffs to other major countries like China, Mexico, and Canada with few exceptions (BBC). As we move into the second quarter of 2025, many consumers may be wondering how the broad U.S. tariffs will affect different parts of the economy, particularly the auto industry.
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