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Brinks Report > Blog > Business > Your Next Car Could Cost $6,000 More—Blame Trump’s Tariffs
Business

Your Next Car Could Cost $6,000 More—Blame Trump’s Tariffs

Dolon Mondal
Last updated: March 28, 2025 12:17 pm
Dolon Mondal
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Your next car could cost $6,000 more—blame trump’s tariffs
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Trulli

The Hidden Cost of Tariffs on Your Dream Car

Imagine walking into a car dealership, ready to buy your favorite model—only to find it’s thousands of dollars more expensive. Thanks to President Trump’s 25% tariffs on imported cars, this could soon be a reality for many Americans.

But what does this really mean for you? Let’s break it down.

Trulli

Higher Prices, Fewer Choices

Here’s the bad news: Car prices are expected to rise. Experts predict tariffs could add $3,000 to $6,000 to imported vehicles, making your dream car unaffordable.

Next, your options could shrink. To avoid extra costs, automakers may cut less profitable models from their U.S. lineup. So, if you were eyeing a specific import, it might disappear from showrooms.

Also Read: Trade War Fears Return as US Tariffs Spark Worst Asian Sell-Off in Weeks

Fewer Features, More Compromises

Worse yet, carmakers might strip down features to keep prices in check. That means fewer high-tech upgrades, safety enhancements, or luxury touches—just to make cars cheaper to produce.

Bigger Economic Trouble Ahead

This isn’t just about cars. Fewer sales could hurt jobs in the auto industry. Other countries might also hit back with their own tariffs, making things even harder for American businesses.

What’s Next for Car Buyers?

If these tariffs stay, you’ll pay more, get less, and have fewer choices. For now, the best move might be to buy soon—before prices climb even higher.

Also Read: President Donald Trump Announces 25% Tariffs on Imported Cars and Car Parts

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TAGGED:auto industryautomotive marketcar pricesTrump TariffsUS car buyersvehicle tariffs
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