Transportation

Car Prices Poised for $12,000 Surge on Trump’s New Tariffs

Automakers Can Handle Temporary Tariffs, RBC Says

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By Keith Naughton

March 3, 2025 at 12:00 PM UTC

Updated on

March 3, 2025 at 9:16 PM UTC

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Impending tariffs on Canada and Mexico risk driving up US car prices by as much as $12,000, further squeezing consumers and wreaking havoc across the intricate web of automotive supply lines spanning the continent.