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Home » Car prices face $3,000 increase as tariffs hit auto sector

Car prices face $3,000 increase as tariffs hit auto sector

Duties would immediately hit almost one-quarter of the 16 million vehicles that are sold in the US

Bloomberg NewsbyBloomberg News
February 3, 2025
in Risk Management
Reading Time: 6 mins read
0
Vehicles parked at General Motors Co. Silao Complex in Silao, Guanajuato state, Mexico.

Photo/Bloomberg

President Donald Trump’s tariffs against Canada and Mexico will threaten production at automakers across North America and send record vehicle prices even higher, with about a quarter of a trillion dollars in trade set to be disrupted. Trump vowed on Saturday to follow through with 25% duties on imports from the two countries, blaming the flow of […]

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