U.S. tariffs may raise cost of insurance, parts, drive up auto thefts

A threat by the U.S. government to impose tariffs of up to 25 percent on imported auto parts could hit consumers in unexpected ways: higher repair costs, insurance premiums and even the theft of more cars for their parts, the industry said. U.S. President Donald Trump's administration has launched an investigation into whether auto imports pose a national security threat and threatened to slap the tariffs on cars from the European Union and elsewhere.

from Reuters: Money News https://ift.tt/2uH2R6c