Trump's new auto tariffs will likely drive up car prices by thousands of dollars

Group 1 - President Trump's new tariffs will impose a 25% tax on imported passenger vehicles, light trucks, and key auto parts, which is expected to increase prices for U.S. buyers [1][2] - Analysts estimate that the price increase for consumers could range from $4,000 to$15,000 per vehicle, depending on the level of imported content [2] - The tariffs will take effect on April 3 and are described by Trump as "permanent," although there are exceptions for vehicles compliant with the USMCA regarding non-U.S. content [2][3] Group 2 - The implementation of these tariffs is likely to create significant uncertainty in the auto industry, with analysts warning of major impacts [3]