Why tariffs could push car prices even higher
Publishing timestamp: 2025-03-29 08:00:02
Summary
President Trump's 25% tariff on foreign-made vehicles and parts could raise prices by thousands of dollars, leading to a decrease in the number of vehicles available to customers and a rise in prices. Some popular models like Honda CRV, Chevrolet Trax, and Subaru Forester are expected to be hardest hit. Reshoring automotive manufacturing would be costly and time-consuming.
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Keywords: donald trump, transportation, honda motor co ltd, business news, trade, breaking news: politics, economy, politics, tariff, united states, breaking news: economy, autos, breaking news: business, canada,
Source: https://www.cnbc.com/2025/03/29/why-tariffs-could-push-car-prices-even-higher.html