Can tariffs worse the crisis of Louisiana car insurance? – Report on greater Baton Rouge

Due to the impact of tariffs that may have on car parts and used vehicles because the prices of car insurance can rise, The Wall Street Journal Reports.

In addition to threatening the tariffs against sales partners in North America, President Donald Trump also announced rates for steel and aluminum and said he was planning deposits for imported semiconductors. Last week, he said he would soon apply “reciprocal rates” that would seek to equal the rates that other countries impose on the United States

But these tariffs can increase the cost of import auto parts, which can also increase the cost of repairing a car. If new cars become more expensive, it can increase demand and prices for used cars, which can make it more expensive to insure and replace a vehicle.

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