New cars from Japanese automaker Subaru will reportedly increase in price by several hundred dollars in the coming weeks—and tariffs are the likely culprit.
Officially, Subaru of America says it has "adjusted its pricing in response to current market conditions." That's what the company said in a statement to Reuters, which first reported on the price hikes.
The biggest change to the market for imported cars, of course, is the 25 percent tariff that the Trump administration announced in March. At the time, the White House said the tariffs would incentivize domestic automobile manufacturing and reduce "American reliance on imports of foreign automobiles." The auto industry responded by pointing out that global supply chains are essential even for vehicles that are made in the United States and warning that the tariffs would likely increase sticker prices for consumers.
