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How Trump’s Auto Tariffs Would Affect More Than Just Car Prices

  • Rental car fleets may shrink as companies keep vehicles longer, leading to older cars and higher rental prices.
  • Ride-sharing services face pressure, with rising vehicle costs reducing driver availability and raising fares.
  • Insurance premiums are rising, as tariffs increase the cost of imported auto parts needed for repairs.
  • Used car prices are expected to climb, echoing the chip shortage era as buyers avoid expensive new cars.

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