Auto tariffs 101: Should you buy now or later?

Joe McCabe, president and CEO of a provider of automobile industry insights called AutoForecast Solutions, joins FOX 35 to talk about President Donald Trump’s new taxes on imported cars, trucks and auto parts, which are expected to raise the price of imported vehicles by thousands. Those price increases will likely extend to American-made cars, maintenance and even car insurance. Trump said Americans shouldn’t rush to buy cars before the tariffs take effect – he’s betting that his tariffs will cause the U.S. economy to boom.