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Trump car tariffs

Average car’s price could rise by at least $3,000. One more recent and arguably more thorough analysis concluded that the total could be much higher — as high as $9,000 for a midsize SUV and over $10,000 for a full-size truck.

Afsheen Gohar
March 4, 2025

Trump’s 25% Tariffs on Mexican and Canadian Imports Could Drastically Raise Car Prices

President Donald Trump’s new 25% tariffs on Mexican and Canadian imports are expected to have a major impact on vehicle…