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Car prices expected to jump once 25% tariffs go into effect

April 2, 2025
in Market & News
Reading Time: 1 min read
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President Trump has announced 25% tariffs on imported cars and auto parts. According to a Goldman Sachs estimate that could add $5,000-$15,000 to the cost of a foreign-made car and $3,000-$8,000 to cars made in the U.S. with parts from overseas. NBC News’ Christine Romans spoke to an owner of dealerships in Michigan, who says customers are calling, looking for deals before the tariffs kick in.

For more context and news coverage of the most important stories of our day, click here:

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