Overview
- The 25% tariffs on imported cars and parts will be implemented on April 3, 2025, following a one-month delay.
- Experts predict price increases for new vehicles ranging from $4,000 to $20,000, with used car prices also expected to rise due to increased demand.
- The tariffs will impact both imported and domestically produced vehicles, as U.S. automakers rely on global supply chains for parts.
- Higher costs for imported auto parts are expected to raise expenses for car repairs and insurance, further burdening consumers.
- The White House justifies the tariffs as a measure to protect U.S. national security and strengthen the domestic auto industry.