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How Trump’s car tariffs will impact Americans, in 3 charts

A 25% tariff on all imported cars will start on April 3, raising vehicle prices by $5,000 to $15,000, according to Goldman Sachs estimates.
The tariffs on steel and aluminum, as well as potential tariffs on copper, will increase production costs for vehicles.
Last year, Mexico was the top source of cars imported into the US, with many cars containing over 60% foreign parts, according to S&P Global Mobility.
Imported cars complying with the United States-Mexico-Canada Agreement can enter duty-free until a tariff system for non-US parts is established, as stated by the White House.

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CNN

+6 Reposted by 6 other sources

Lean Left

How Trump’s car tariffs will impact Americans, in 3 charts

In less than one week, Americans could soon see the price of cars shoot up.

3 days ago·Atlanta, United States

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The Toronto Star

Lean Left

Donald Trump’s 25% tariffs will lead to auto industry ‘Armageddon,’ analyst warns

Wedbush Securities report says price of cars for Americans will spike up to $15,000 immediately, and Trump's goal of an all-U.S. made car is 'a fictional tale not even possible today.'

4 days ago·Toronto, Canada

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Carscoops

Subaru Warns Of Price Increases Over Tariffs That You Definitely Won’t Pay

Subaru has reportedly warned dealers that current pricing can’t be guaranteed due to Trump’s tariffs. If you’re in the market for a new car, you could potentially save thousands by acting before April 2. While the company builds an assortment of vehicles in America, imports could be hit by a 25% tariff. Subaru of America’s Vice President of Vehicle Planning and Logistics has reportedly warned retailers about impending tariffs. While the message …

2 days ago

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wiredfocus.com

Looming car tariffs have some Americans rushing to dealerships to avoid sticker shock - CNN - WiredFocus

CNN — Auto dealerships across the United States could see a jump in customer traffic this week as cost-conscious buyers look to avoid a possible uptick in prices and maintenance costs over the next few years, according to industry analysts. The growing concern over sticker shock has one cause: President Donald Trump’s 25% tariffs on imported vehicles and parts, which are expected to take effect Thursday. The tariffs will likely impact the cos…

2 days ago

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SlashGear

Will Subaru Be Affected By Tariffs Imposed By President Trump?

President Trump plans to enact sweeping tariffs across auto imports starting in April. Will the price of a new Subaru rise after that? Here's what we know.

3 days ago

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ELECTRIC VEHICLES

Car Prices May Jump Up to $15,000 on U.S. Tariffs, Wedbush Warns

Wedbush Securities said U.S. President Donald Trump’s newly announced 25% tariff on all foreign-made vehicles and auto parts could spark chaos across the global auto industry and trigger sweeping price increases that can go up to $15,000.

4 days ago

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