Consumers shopping for a new car in 2025 are being warned to buckle up for higher prices once President-elect Donald Trump takes office next month as potential impacts from his trade policies are beginning to come into focus.
Trump has vowed to slap heavy tariffs on all foreign-made goods once he returns to the White House next month, and auto analysts and dealerships are weighing in on how new taxes on foreign car companies would affect a buyer’s bottom line.
"Certainly, if they did come into effect...