Expected auto tariffs forces state to grapple with higher insurance rates
President Donald Trump has vowed to put new tariffs on a variety of goods from other countries. Those are set to go into effect this week, including a 25 percent tariff on imported cars and car parts that’s set to begin Thursday.
Industry experts say the higher costs will flow to consumers as higher prices for new goods, auto repairs and insurance.
Julia Dreier, the deputy commissioner for the Minnesota Department of Commerce, joined Minnesota Now to share how the state is preparing for tariff impacts.
Use the audio player above to listen to the full conversation.
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