Trump's 'shotgun approach' to auto tariffs will have significant ripple effects—even if you're not buying a car: 'Virtually nothing goes unscathed'

A sticker on a used car sitting in a lot (Credit: Scott Olson—Getty Images)

• President Donald Trump announced 25% tariffs on all imported cars and car parts. Experts say this won’t just impact new cars, but also used cars, insurance premiums, and maintenance costs. Edmunds director of insights Ivan Drury called it a “shotgun approach” where “virtually nothing goes unscathed.”

President Trump on Wednesday announced a 25% tariff on imported cars and car parts. While many are focused on how this move will affect automakers, from their supply chains to their share prices and bottom lines, many experts believe this tax will have vast ripple effects—even if you’re not necessarily looking to buy a car.