Transportation
Cars Under $30,000 Risk Becoming a Casualty of Trump’s Tariffs
US automakers have already abandoned much of the passenger car market to prioritize more profitable crossovers and SUVs.
Photographer: Emily Elconin/BloombergThis article is for subscribers only.
Car prices have already climbed out of reach for many Americans. The search for a cheap car is poised to get even tougher.
President Donald Trump’s tariffs on automobile imports set to take effect next week are expected to drive up costs across the industry, raising sticker prices by thousands of dollars. The effects could be particularly pronounced at the low end of the market, with many of the least-expensive models from the likes of General Motors Co., Ford Motor Co., Kia Motors and Hyundai Motor Co. being built outside the US.