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Car Prices Are Poised for $12,000 Surge on Trump's New Tariffs

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Tariffs of 25% on imports from Canada and Mexico threaten to exacerbate an automotive affordability crisis that is already driving buyers out of the market.
The article from Fortune, dated March 3, 2025, discusses the potential impact of new tariffs proposed by former President Donald Trump on car prices. If implemented, these tariffs could lead to a significant increase in car prices, with estimates suggesting a surge of up to $12,000 per vehicle. The proposed tariffs target vehicles imported from countries like China and Mexico, aiming to protect American auto manufacturers. However, this move could result in higher costs for consumers and might affect the affordability of cars across the U.S. The article also mentions the ongoing debate about the effectiveness of such tariffs in boosting domestic production versus their potential to strain international trade relations and increase prices for American buyers.

Read the Full Fortune Article at:
[ https://fortune.com/2025/03/03/car-prices-are-poised-for-12000-surge-on-trumps-new-tariffs/ ]