GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.

These brands compensate us to advertise their products in ads across our site.

This compensation may impact how and where products appear on this site.

Trump Meets US House Republicans Following the US Election, Washington, District of Columbia, USA - 13 Nov 2024

Commitment to Our Readers

GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.

you’re able to read more about oureditorial guidelinesand our products and servicesreview methodology.

His focus on tariffs, deregulation and tax cuts will likelyimpact almost every facet of the American financial system.

facebook sharing button

One such arena that will surely be impacted is the American automotive industry.

Trump has claimed this will pressure auto companies to move their manufacturing centers to the America.

However, critics have argued that tariffs while they may increase American manufacturing will also likely increase car prices.

twitter sharing button

More From GOBankingRates

Share This Article:

The Latest inSaving Money

linkedin sharing button

email sharing button