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Halls of Shrewd'm / US Policy❤
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Author: PucksFool ⎊🐝  😊 😞
Number: of 48452 
Subject: Inflation set to go super nova
Date: 03/03/2025 8:19 PM
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https://finance.yahoo.com/news/report-trumps-tarif...
With President Trump’s big tariffs only a day away, a new report finds huge price increases are coming for Americans looking to buy a new car or truck.

The Anderson Economic Group (AEG) found that vehicles like EV crossovers could have price hikes of over $12,000 depending on the vehicle if proposed tariffs of 25% go into effect on Canadian and Mexican imports. On Monday afternoon Trump confirmed the tariffs will go into effect Tuesday.

The tariffs don't just affect vehicles imported from those countries, but also parts that cross over the border many times during the production process, adding to additional tariff costs. The costs would almost all be passed on to US buyers, the study said.

Other popular vehicles, like a standard, gas-powered crossover, could see hikes of at least $3,500, while pickup trucks — a staple of working-class Americans and small business owners — could see costs jump as much as $8,000 due to the tariff effect.

Full-size SUVs could see costs rise by $9,000, and small cars could see a hike of $6,200.
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