From Yahoo Finance: 2025-03-30 10:05:00

President Donald Trump’s 25% tariffs on imported cars and car parts will cause chaos in the auto industry, raising car prices by up to $10,000 or $15,000, according to analysts at Wedbush Securities. No carmaker, not even Tesla, will benefit from these tariffs, as all will have to raise prices.

The tariffs will add an estimated $100 billion burden to the auto industry that will be passed onto consumers immediately. Trump has said the tariffs are permanent, aiming to bring auto manufacturing back to the U.S., but analysts predict it would take years and cost billions, with significant disruption.

These auto tariffs are just the first of several to be announced as part of “Liberation Day” on April 2. The Congressional Budget Office director estimates that these tariffs will bring in $800 billion in customs duties over the next decade. Stocks have been negatively impacted by the uncertainty over tariffs, with the S&P 500 down about 2% as of Friday afternoon.



Read more at Yahoo Finance: The winner from auto tariffs is ‘no one’ as ‘pure chaos’ will reign over the industry, analysts say