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Consumers Should Expect to Pay More on New Cars, Auto Experts Say

Apr 3, 2025 | 12:38 PM

Photo: Christine Tannous ~ USA TODAY NETWORK

April 3, 2025 ~ New auto tariffs announced by President Donald Trump went into effect Thursday, with auto analysts warning of significant price hikes on new cars.

All cars imported into the U.S. from any country will face a 25% tariff, with a similar tariff for auto parts set to take place on May 3. While Trump said these tariffs are meant to create a surge in domestic car production, many auto analysts predict that car buyers can expect to pay thousands more for cars due to the tariffs.

PODCASTS:

April 3, 2025 ~ The U.S. is implementing new tariffs on imported vehicles and parts, significantly increasing costs for consumers. Guy Gordon, Lloyd Jackson, and Jamie Edmonds talk with Patrick Anderson, CEO of Anderson Economic, about the increase in prices vehicles will see, the negative impact on auto sales and employment, and more.

April 3, 2025 ~ Yesterday, President Donald Trump announced new tariffs on auto makers. Keith Naughton, car business reporter for Bloomberg Business, joins Kevin Dietz to discuss the impacts on car prices.

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