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How will Trump's auto tariffs affect car prices?

  • President Trump announced a 25% tariff on auto imports on Thursday.
  • Trump stated the tariffs aim to boost domestic production and manufacturing.
  • Carmakers, dealers, and analysts predicted price hikes and potential job losses.
  • Volkswagen stated the entire automotive industry will bear negative consequences; Barclays called the tariffs 'more draconian'.
  • Carmakers may move production, absorb costs, or raise prices; BLG Group anticipates a 15% traffic reduction.
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South Florida Reporter broke the news in on Thursday, March 27, 2025.
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