Auto Tariffs Seen Hiking Car Prices by Nearly $2,000 Per Vehicle
Car buyers will bear the brunt of the $30 billion cost of President Donald Trump's tariffs, driving up already high US auto prices by almost $2,000 per vehicle, according to consultant AlixPartners.
The firm expects auto companies to pass along 80% of the cost of Trump's tariffs — which it calculates as $1,760 more per car. AlixPartners, as part of its annual global automotive outlook, also cautioned that the administration's anti-electric vehicle policies risk relegating American automakers to bit players in the global EV market.
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