Starting tomorrow, the president is set to announce reciprocal tariffs; he's calling the day "Liberation Day".
However, as of right now, specific details on these tariffs or which countries would be impacted have yet to be released.
A 25% increase in tariffs is expected to take place on Thursday on foreign vehicles and auto parts.
Today we were able to speak to a local auto shop about the potential impacts they may see due to the tariffs.
Paul Seivers, the Shop Manager at Pro 1 Automotive, tells us they work on all kinds of cars at their shop and specialize in trucks.
The shop has been around for 39 years, and they tell us they prioritize their customers.
He says they have been keeping an eye on the news regarding tariffs; but they say their shop is more domestic, so they aren't being impacted right now.
But if they were to be impacted in the future they know car part prices will go up. If this does happen, they want to be as accommodating as possible to their customers.
Seivers says, "Really, the bottom line at Pro 1 is to make sure if it does go up, that the customers, the transitions go well. Because we understand and prices do go up and it does probably affect them, but we’re going to try and make the transition as smooth as possible."
Car parts that get imported may be affected by these tariffs but Seivers says they get most of their parts from NAPA.
They told us if car part prices go up, then they will try and find affordable parts from dealerships, private sources or engine repair specialty shops.
They say the biggest concern they may have with price increases is with the dealerships.
Seivers tells us, "Unfortunately, we don’t make policy as far as federal government goes - only thing we can do is make the transitions smooth, and like I said as painless as possible, look out for the consumer because at the end of the day that’s what matters to us."
We spoke to United States Senator Jacky Rosen, and she says when you put tariffs across the board it's a national sales tax, so whatever you consume you are paying for; for example, items in grocery stores and car parts from auto manufactures.
She also told us he disagrees with these tariffs.
The senator says, "By the way, in Nevada when everything goes up what goes down? Tourism goes down. So we’re going to get hit with that double whammy - because I know Canadian tourism is 70% decreased in tourism from Canada over last year and so we’re going to get squeezed in Nevada, both sides; and Trump says he doesn’t care.”
Senator Rosen is worried the new tariffs could put auto shops out of business.
She goes on to say, "Do you think that the cars already on the lot are going to get a cheaper price? Do you think used cars are going to get any cheaper? And then when you have to repair a car now, it’s an older car maybe - you have to get that part from another country or those pieces and parts are made somewhere else; that’s not going to be cheaper to get that part and so the cost of a repair is going to go up. Cost of purchasing is going to go up, and it’s all falling on the consumer 100%."
