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The average $25,000 price of a car imported from Mexico or Canada could jump $6,250 if the tariffs take effect, according to an analysis by S&P Global Mobility.
Why Trump's tariff threat could raise car prices significantly. Kelly O'Grady. Updated January 26, 2025 at 9:09 PM. CBS News. ... prices for new cars could jump anywhere from 5% to "up to 15%."
President Donald Trump threatened to place a tariff of around 25% on cars imported into the United States, a policy that could raise prices on cars from most automakers – including American car ...
President Donald Trump announced 25% tariffs on all goods imported from Canada and Mexico and a 10% levy on China on Saturday. Trump's tariffs could see average new car prices rise by as much as ...
Trump’s tariffs could raise car prices at dealerships — very quickly. Chris Isidore, CNN. January 27, 2025 at 8:01 AM. ... In Other News. Entertainment. Entertainment. People.
Unlike in Trump's first term, there was no exception for Apple products or other popular consumer goods. [61] The expected impact of the threatened 25% tariffs on Mexican and Canadian goods is much greater. For example, grocery prices were expected to rise as 2/3 of U.S. vegetable imports came from Mexico. [61]
President Donald Trump's proposed 25% tariffs on imports from Mexico and Canada and 10% on goods from China would likely raise the average price for a new car and could lead to massive layoffs ...
US car prices would rise by over $2,000 if President-elect Donald Trump pushed ahead with tariffs on Canada and Mexico, ... CBS News. Kia recalling 80,000 vehicles over improper air bag deployment ...