The new tariffs on imported cars announced by President Trump will significantly impact car makers and buyers. Starting April 3, a 25% tariff on imports could make cars much more expensive. This might lead to a situation similar to Cuba, where people keep older cars longer due to high prices.
- The average price of cars may rise by $6,000.
- Sales could drop as buyers turn to used cars.
- This could increase the average age of cars on the road.
- Safety and technology improvements may slow down.
| Details | Figures |
|---|---|
| New Tariff Rate | 25% |
| Previous Tariff Rate | 2.5% |
| Projected Increase in Car Price | $6,000 |
