San Diego auto dealers brace for impact of new 25% import tariffs
ESCONDIDO, Calif. (FOX 5/KUSI) — As the deadline for new 25% auto import tariffs draws near, dealers in San Diego County are bracing for a potential shake-up in the industry. The impending changes are fueling concerns about the impact on sales and consumer interest. On April 3, next Thursday, is when those new tariffs will take effect and the White House is also planning more on auto parts in the weeks to follow, putting pressure on everyone from manufacturers to consumers. “The overall consensus is that it is probably going to raise prices but we don’t know how much and when,” said Dan Myers, general manager of Toyota of Escondido. 6 things to do in San Diego this weekend The recent tariff talk coming out our nation’s capital is keeping industry insiders, like Myers, on edge. The new 25% tariffs on vehicles not made in the United States are less than a week from kicking in and Toyota stands to be hit, along with other brands. Alan Gin, economics professor at the University of San Diego Knauss School of Business, commented on the situation, stating, ““We have an