US EditionUS car buyers against Donald Trump's automotive tariff deadline
- The U.S. Will impose a 25% tariff on auto imports starting April 3, 2025, which is expected to raise vehicle prices significantly.
- Experts, including Bob Passmore from the American Property Casualty Insurance Association, predict insurance costs will rise due to increased repair prices caused by the tariffs.
- Economists warn that these tariffs will disrupt the auto industry’s global supply chain, leading to higher repair and maintenance costs for consumers.
- The U.S. International Trade Commission projected tariffs could increase average car prices by about 5% and reduce imports by nearly 75%.
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The Trump tariff 'chain reaction': America's car and auto insurance payments could soar by $24 billion
Even if you're not in the market for a new car, U.S. President Donald Trump's 25% tariffs on auto imports could make owning one more expensive. The new taxes, which are set to begin April 3 and expand in the following weeks, are estimated to raise the average cost of a car imported from another country by thousands of dollars. But repairs for vehicles that currently use foreign-made parts are also expected to get pricier — and, as a result, hike…
·New York, United States
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Total News Sources12
Leaning Left1Leaning Right0Center3Last UpdatedBias Distribution75% Center
Bias Distribution
- 75% of the sources are Center
75% Center
L 25%
C 75%
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