Americans looking to purchase a new car are likely going to see a higher price tag, by as much as $15,000, as a result of President Donald Trump’s 25 percent tariff on foreign-made vehicles.
During his “Liberation Day” speech, Trump said his 25 percent tariff on imported vehicles would go into effect on Thursday at midnight. Beginning May 3, that tariff will also apply to imported car parts, which is likely to raise the cost of vehicles and repairs in the United States.
