What tariffs mean for car prices: 'There's no such thing as a 100% American vehicle,' auto expert says

President-elect Donald Trump is considering raising tariffs on imported goods, potentially increasing car prices. He has proposed a 10% tariff on Chinese goods and 25% tariffs on products from Mexico, Canada, and the European Union. These tariffs could add $600 to $2,500 per vehicle on parts from these countries, leading to higher prices for consumers and impacting automakers and dealers as well.

Full Article