Car prices expected to increase by as much as $12,000 thanks to Trump’s tariffs

is transportation editor with 10+ years of experience who covers EVs, public transportation, and aviation. His work has appeared in The New York Daily News and City & State. Car prices are already at record highs, and President Donald Trump’s tariffs — if they stay in place — could send them into the stratosphere. The situation remains extremely fluid, with Trump administration officials today announcing a one-month reprieve for the auto industry, according to Politico. But if tariffs stay in place, sticker prices could skyrocket by as much as $12,000, according to one analysis. Dealerships could be stuck with a bunch of trucks and SUVs that no one can afford. Some models could vanish from showrooms altogether. Many of these changes won’t take effect right away, as dealerships work through their vehicle stock. But the net impact could still be devastating. After an initial delay, Trump earlier this week imposed 25 percent tariffs on imports from Canada and Mexico as well as an addit ... Read full article.