Tariffs likely to be detrimental for auto buyers, dealers

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http://tulsaworld.com/news/local/business/article_1a14395c-9d83-4825-99fd-d74d1…

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If President Donald Trump's announced tariffs on auto parts actually go into effect on Wednesday, local car dealerships and stock prices of auto manufacturers will not see an immediate impact. That's in part because they already have, a University of Tulsa associate professor of economics said. Meanwhile, the president of a state organization representing new car dealers said extended tariffs could be detrimental for both consumers and dealers. "There is concern that tariffs could put vehicles out of reach for consumers," said Peter Hodges Sr., president of the Oklahoma Automobile...