Trump Tariffs Could Raise Truck Prices 25% ‘Immediately’, Fox News Says [Video]

President Donald Trump‘s new 25 percent tariffs on imports from Canada and Mexico are expected to significantly increase vehicle prices in the United States. These measures, aimed at addressing trade imbalances and protecting domestic industries, are anticipated to have immediate effects on both automakers and consumers.

Why It Matters

The U.S. automotive industry relies heavily on an integrated North American supply chain, with parts and vehicles often crossing borders multiple times during production. The newly implemented tariffs disrupt this system, leading to increased manufacturing costs that are likely to be passed on to consumers.

According to reporting by Fox Business, analysts estimate that the tariffs could raise production costs by $4,000 to $10,000 per vehicle, depending on the model, with electric vehicles potentially experiencing even higher cost increases.

What …