Trump Dismisses Concerns Over Rising Car Prices as 25% Auto Tariffs Loom

The tariffs, effective April 3, are aimed at promoting U.S. manufacturing but have sparked fears of higher consumer costs and global trade tensions.

President Donald Trump has confirmed that he is indifferent to potential price increases for cars in the U.S., stating that higher costs may encourage buying American-made vehicles.
The 25% tariffs on imported cars and parts will take effect on April 3, with exemptions for vehicles compliant with the USMCA trade agreement.
Experts predict the tariffs could raise the average price of a new car, currently $50,000, by several thousand dollars, impacting U.S. consumers and automakers reliant on global supply chains.
The move has heightened fears of a global trade war, with key trade partners like the EU, Canada, and Japan preparing retaliatory measures.
South Korea, China, and Japan have initiated talks to strengthen regional trade ties, signaling a shift in response to U.S. protectionist policies.