Costlier Car Repairs Coming as Retailers Pass On China Levy Hit
Customer vehicles sit parked outside an Advance Auto Parts Inc. automotive supply store in Frankfort, Kentucky.
Photographer: Luke Sharrett/BloombergThis article is for subscribers only.
Auto-parts retailers are warning higher costs may be ahead for American consumers following the Trump administration’s latest round of tariffs on Chinese goods.
Advance Auto Parts Inc. has been able to pass on the expense of existing tariffs without hurting sales, as reflected by its better-than-expected earnings report on Wednesday. The retailer expects to be able to keep passing those costs along even with the latest duties on $300 billion worth of Chinese goods.