Trump’s Inflation-Indifference: Soaring Car Prices & Economic Crisis Looms
President Trump’s new tariffs, taking effect April 2nd, are expected to increase car prices by $4,000 to $12,000, with trucks potentially rising by $8,000 and electric vehicles by as much as $12,000. The President stated he hopes prices rise, believing this will encourage consumers to buy American-made vehicles, and confirmed the tariffs are permanent, aiming to counteract what he considers decades of unfair trade practices. These tariffs, applying to both foreign vehicles and parts, are already causing concern among dealerships facing significant price increases and have been met with international condemnation.
John Q. Hosedrinker