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U.S. tariffs may increase price of insurance, parts, drive up auto thefts

Thursday, 19 July 2018 by admin

A threat by the U.S. government to impose tariffs of up to 25 percent on imported vehicles parts could hit customers in unexpected ways: higher repair costs, insurance premiums and even the theft of more vehicles for their parts, the industry stated. U.S. President Donald Trump’s administration has started an investigation into whether auto imports

  • Published in Cars
Tagged under: American Insurance Association, Car insurance, Donald Trump, National Association of Mutual Insurance Companies, Property Casualty Insurers Association of America, U.S. Commerce Department

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