Daily Drive

Anxiety grows over tariff crisis; how Fed rate decision affects F&I

US President Donald Trump signs an executive order in the Oval Office of the White House in Washington, DC, US, on Tuesday, Feb. 25, 2025. Trump signed an executive action directing the Commerce Department to examine possible copper tariffs, the latest in a string of measures aimed at imposing sector-specific levies that offer to reshape global supply chains.
Trying to run from President Donald Trump’s tariffs sounds like a losing game. But at the same time, there’s simply no way to untangle supply chains that have been built over decades in a month or two. (BLOOMBERG)
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March 21, 2025 06:25 PM

A growing number of manufacturers and experts say tariffs could represent one of the biggest crises the auto industry has ever seen. Stellantis offers buyouts at 20 U.S. sites to cut costs. Plus, Automotive News Staff Reporter Paige Hodder talks about how the Fed’s decision on interest rates this week will affect F&I offices.

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