Prices of new cars and trucks could jump by several thousand dollars in the U.S. if President Donald Trump follows through on his threat to raise tariffs on imports.
The same likely would hold true even if a particular car is made in the U.S. because analysts believe automakers would spread the cost of tariffs among many different vehicles to avoid putting at a disadvantage any of their models made in foreign markets.
Automakers, including U.S. companies, are trembling at the prospect of increased tariffs on imported vehicles, which could range up to 25 percent based on the president’s threats.
