Car Prices Expected to Rise as Tariffs on Parts Kick In
Image Credit: nytimes- The U.S. has imposed 25% tariffs on imported auto parts, expanding upon previous tariffs on imported cars that began in April 2025.
- These tariffs will impact prices broadly because even U.S.-made vehicles often contain foreign-made components like engines and batteries.
- The tariffs exclude parts from Canada and Mexico if they meet North American trade agreement rules, and cars made in the U.S. have a two-year exemption from parts tariffs.
- The administration states the tariffs aim to strengthen national security by encouraging domestic auto production and reducing reliance on foreign parts.
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