Your Next Car Might Cost More: Industry Insiders Explain Tariff-Driven Price Increases and How to Offset Costs
It's not just iPhones and TVs. President Donald Trump's tariff policies might be driving up the cost of electric vehicles and combustion cars, too. EVs, in fact, might be especially vulnerable to the new tariffs that target China (a major exporter of critical metals) and the steel industry. China already has a near monopoly on critical minerals and rare earth metals used to manufacture cars, and these tariffs have given China reason to use that as leverage over the United States. That's accordi