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Progressive’s Margins Leave Room for Tariff Impacts: CEO

With its 2024 combined ratio falling comfortably more than 7 points below a targeted level of 96, Progressive has room to deal with the impacts of tariffs on car repair and replacement costs, the chief...

How Trump’s Canada and Mexico tariffs risk higher prices on cars

President Donald Trump’s decision to impose a 25% tariff on all imports coming into the U.S. from Canada and Mexico will touch thousands of products across dozens of industries. But it is expected to take a particular toll on the U.S. auto industry,...

Trump Confirms Tariffs – What Car Shoppers Should Expect

President Donald Trump confirmed late Monday that his administration will enact tariffs on Canada and Mexico at midnight tonight.“They’re all set. They go into effect tomorrow,” Trump told reporters at the White House. The New York Times explains, “The tariffs will add a...