Cars are getting pricier, and that’s especially pinching lower-income consumers who may take out “subprime” auto loans.
President Donald Trump has unveiled a new round of tariffs, slated to start Oct. 1. The new import duties will affect medications, heavy trucks, and household furniture.
The area’s economy is already reeling from earlier government cuts.
Elevated car prices and interest rates have been squeezing lower-income buyers.
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