Trump Slaps 25% Tariffs On Autos: What It Means For Your Next Car Purchase

Car prices surged during and after the COVID-19 pandemic. Experts are now warning consumers to prepare for additional price hikes due to President Donald Trump's new 25% tariff on imported vehicles and certain auto parts. 

What To Know: President Trump announced the tariffs on Tuesday evening, saying they will “charge countries for doing business in our country and taking our jobs, taking our wealth,” and claiming they will “spur growth like you haven't seen before.” 

Experts predict these tariffs will lead to tighter supply and higher prices by mid-April. 

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“You’re going to see price increases,” Ivan Drury, director of insights at automotive research site Edmunds, told USA Today. “It’s such a shotgun approach. Virtually nothing goes unscathed.”  

Price increases ...