Trump's 25% Tariff Set To Hike Imported Car Prices Up To $15,000 Higher, Goldman Sachs Warns

Following President Donald Trump’s latest tariff move, U.S. consumers could be expected to spend up to $15,000 more on an imported vehicle. This move could sharply rattle auto demand and reshape the competitive dynamics of the U.S. automotive market.

In a note shared Thursday, Goldman Sachs analyst Mark Delaney, CFA, said the new 25% tariff on imported autos and certain parts, effective April 3, could raise vehicle prices by $5,000 to $15,000, depending on the model and country of origin.

How Much Could US Auto Prices Rise Amid Tariffs?

According to Goldman Sachs, the price increase assumes tariffs are applied to vehicles ranging from $20,000 to $60,000, a bracket that covers a large portion of the U.S. auto market.

Delaney said that U.S.-assembled vehicles wouldn't be spared either. With roughly 50% of their components sourced from abroad, tariffs on foreign-made parts could raise the cost of a U.S.-built vehicle by an additional ...