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Why tariffs could push car prices even higher - TL;DR CNBC

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 trumptransportationhonda motor co ltdbusiness newstradebreaking news: politicseconomypoliticstariffunited statesbreaking news: economyautosbreaking news: businesscanada

Source: https://www.cnbc.com/2025/03/29/why-tariffs-could-push-car-prices-even-higher.html


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