Tariffs Could Push U.S. Car Prices Up By $12,000

• The 25% tariff imposed by the Trump administration on imports from Canada and Mexico takes effect today.
• They won't immediately be felt by consumers as car dealers still have vehicles in stock, but buyers will feel it once dealer stocks run out.
• They could increase the price of Canadian- and Mexican-made cars and cars made in the U.S. with parts from these countries.