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Donald Trump’s auto tariffs could make owning a car more expensive, from repairs to insurance

March 29, 2025
Source: theglobeandmail.com theglobeandmail.com
News Snapshot:
Open this photo in gallery: A person looks at a new vehicle at a dealership in El Monte, Calif., on March 27.Jae C. Hong/The Associated Press Even if you’re not in the market for a new car, U.S. President Donald Trump’s 25% tariffs on auto imports could make owning one more expensive. The new taxes, which are set to begin April 3 and expand in the following weeks, are estimated to raise the average cost of a car imported from another country by thousands of dollars. But repairs for vehicles that currently use foreign-made parts are also expected to get...
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