How soon will auto tariffs translate into higher prices?
What tariffs mean for cost of a new car, automotive parts
25 percent tariffs won't affect prices immediately because vehicles already on dealer lots are not affected.
But some companies are considering an import charge as cars, trucks and SUVs arrive in the US.
Bowser Automotive Director of Sales Dave Ross told KDKA's Marty Griffin his current inventory could be gone by the middle of next month.
“You’re only talking about a 30 to 45-day supply because we rely on that steady stream coming in so, get’em while you can, is my advice,” said Ross.
Automakers are watching what their competitors do and how customers respond.
Ford went first, announcing today it is bringing back employee pricing though June 2.
And, what do President Donald Trump's sweeping tariffs mean for our economy at-large?
Professor of economics Brian O'Roark, at Robert Morris University, says if there's one thing that economists agree, on it's that tariffs are a big problem.
“Because it eliminates the ability of consumers and producers to engage in trade with each other and to do things that are going to satisfy both the buyer and the seller,” said O’Roark.
O'Roark tells Rob Pratt on KDKA Radio that a tariff is a tax on trade, and any time you tax an activity you're going to get less of it.