Texans Warily Eye Impact Of Trump's Tariffs On Their Beloved Trucks
Fearing that US President Donald Trump's 25 percent tariffs on imported cars and auto parts could spark "paranoia" among buyers and drive up prices, Arthur Bibbs has decided to go ahead and buy a secondhand truck now.
"I lost my truck in a storm, and I wanted to buy a vehicle as soon as possible before things get too complicated," said Bibbs, a 38-year-old Texan who works for an electric company.
In this vast southern state -- where the oil, agriculture, livestock and energy businesses dominate -- people love their trucks, whether pickups or SUVs.
In Houston, the largest city in Texas and the fourth-largest in the United States, 80 percent of new vehicle purchases are for trucks, according to the Houston Automobile Dealers Association (HADA).
Nationwide, the figure is 74 percent, with Ford's F-Series, Toyota's RAV4 and Chevrolet's Silverado leading the category. But none of those vehicles, even those with........
© International Business Times
