What A 25 Percent Tariff Would Mean On A Car Purchase

 

To enlarge, click on the image.

Earlier this week Trump delayed placing a tariff on vehicles and/or parts being sourced from our allies: Canada and Mexico. As the President of Ford Motor Company, Jim Farley, stated last month, any tariffs will be passed along to the consumer. And Farley echos the sentiments of most automakers. Essentially tariffs are an added tax.

The above image represents the Monroney Sticker of a 2025 GMC Sierra 1500 truck. The highly contented truck, which is manufactured in Mexico, is being imported to the United States.  

'Auto Trends' Discusses How The Trump Presidency Will Impact The Auto Industry

Tesla Vehicles (Photo Credit: Tesla)

As a result of the November 6, 2024, Presidential election results, Auto Trends with JeffCars.com, the only syndicated multicultural automotive program in North America, will take a look ahead as to how the auto industry and car buyers will be impacted.