Trump's 25% auto tariffs may send car prices surging up to $15,000 higher, Goldman warns [View all]
Car buyers should be ready for sticker shock when kicking the tires on a new ride in 2025, thanks to new tariffs from the Trump administration.
"A 25% tariff on imported cars could raise the price by $5K to $15K (assuming car values of $20K to $60K that are subject to tariffs for illustrative purposes, although we acknowledge some vehicles could fall outside this band)," Goldman Sachs autos analyst Mark Delaney warned on Friday.
Trump said Wednesday the US will impose 25% tariffs on imports of cars and car parts, to take effect on April 3. The measures will apply to both finished cars and trucks.
“This will continue to spur growth that you’ve never seen before," Trump said from the White House about the new tariffs.
According to estimates from Cox Automotive, the tariffs would directly impact half of the 50 bestselling models in the US.
https://finance.yahoo.com/news/trumps-25-auto-tariffs-may-send-car-prices-surging-up-to-15000-higher-goldman-warns-092537800.html
= new reply since forum marked as read