Matthew Metzgar quoted in ‘When will cars get more expensive in NC? What to expect as Trump’s tariffs are set to begin’

Source: Charlotte Observer

Car prices will go up for around 90% of new cars made in North America, says Matthew Metzgar, an economics professor at UNC Charlotte.

“Cars’ … technology and the computer element has become bigger and bigger that even importing some of those pieces from, say, China, where there’s a 20% tariff, are going to increase those costs as well,” Metzgar said. “China supplies tons of electronic equipment for various things, including cars. So all the electronic pieces are going to be increased in cost as well.”

Read more at https://www.charlotteobserver.com/news/state/north-carolina/article302998789.html#storylink=cpy.