STUDY: Tariffs Will Raise Car Prices By Up To $12,000

Bloomberg News reports:

Impending tariffs on Canada and Mexico risk driving up US car prices by as much as $12,000, further squeezing consumers and wreaking havoc across the intricate web of automotive supply lines spanning the continent.

The cost to build a crossover utility vehicle will rise by at least $4,000, while the increase would be three times that for an electric vehicle examined in a new study from Anderson Economic Group, an automotive consultant in East Lansing, Michigan. And those costs would likely be passed on to consumers, the study found.

Read the full article.



US Car Prices Are Poised for $12,000 Surge on Trump’s New Tariffs
www.bloomberg.com/news/article…

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