US Auto Sales Surge Before Trump Tariffs Hit
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US auto sales surged 5.7% in March, the highest increase since January 2023, driven by consumers preemptively purchasing vehicles before President Trump's new tariffs on imported cars take full effect. The overall retail sales jumped 1.4%. Economists warn this could lead to a significant drop in sales later in the year as tariffs increase car prices and consumer confidence weakens due to rising inflation and unemployment concerns.
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