U.S. tariffs may raise cost of insurance, parts, drive up auto thefts18 Jul 2018—reuters.com
WASHINGTON (Reuters) - A threat by the U.S. government to impose tariffs of up to 25 percent on imported auto parts could hit consumers in unexpected ways: higher repair costs, insurance premiums and even the theft of more cars for their parts, the industry said.
Mechanics' tools are seen at a garage in San Diego, California April 17, 2014. REUTERS/Mike Blake
U.S. President Donald Trump’s administration has launched an investigation into whether auto imports pose a national security threat...