President Donald Trump’s tariffs plan is likely to create some price hikes, at least in the short term. Car prices are among the most prominent items likely to become more expensive, so Trump is also proposing that taxpayers be able to deduct interest payments on auto loans for domestic cars.
To be sure, Trump is not making an explicit linkage between looming car price hikes and the car loan idea. But even left unsaid, it could be an economic spoonful of sugar to help the medicine (tariffs) go down.
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