The winner from auto tariffs is 'no one' as 'pure chaos' will reign over the industry, analysts say

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• President Donald Trump’s 25% tariffs on imported cars and car parts will cause “pure chaos” in the auto industry and hike car prices by up to $10,000 or $15,000, wrote analysts at Wedbush Securities. Although Trump has said the tariffs are aimed at bringing auto manufacturing to the U.S., the analysts said this effort would take years and be mired in extra costs and complexity.

Cars will get thousands of dollars more expensive and no carmaker, not even Elon Musk’s Tesla, will benefit from President Trump’s 25% auto tariffs, according to Wedbush Securities analysts.