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How the 25% tariffs on imported cars and parts will impact Southern Coloradans

  • President Donald Trump's 25% tariffs on imported cars and parts, announced this week and taking effect on April 2 and May 3, are raising concerns across the US automotive sector.
  • These tariffs, applied under the USMCA trade agreement, aim to bolster the domestic industrial base and meet national security needs.
  • The tariffs, which also include engines, transmissions, powertrain parts, and electrical components, are expected to impact nearly half of all vehicles sold in the U.S., including domestic cars with parts made in Mexico and Canada.
  • Experts estimate that the cost of a new car could increase by at least $4,000 to $6,000, with some projections reaching $12,000, leading car owners like Chandra Gurnoe-Lutz to express concerns and potentially delaying new car purchases.
  • Dominic Mannino, owner of Discount Motors, is stocking up on trucks and other large vehicles in anticipation of a market shift, while Chris Wesney, general manager at McCarthy's, foresees that "it's going to raise prices on the cost to buy cars and the cost for us to repair them and get them ready for market.
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Ecns broke the news in China on Thursday, March 27, 2025.
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