https://www.visualcapitalist.com/wp-content/uploads/2025/04/Auto-Tariffs_WEB.jpg
The long build up to auto tariffs has ended with 25% additional fees on imported cars that don’t comply with USMCA trade rules going into effect on April 3rd.
What does this mean? As this CNN article explains, a $40,000 imported new car (not assembled in the U.S.) will attract $10,000 in tariff dues.
https://www.visualcapitalist.com/used-car-prices-are-climbing-will-auto-tariffs-push-them-higher/
Used car prices have been sky high since covid. Consumers are becoming more aware that they can keep their cars for longer with proper maintenance. They arent being told by auto companies that they need to trade in their 100k vehicle before it gernades itself.
Yes, think of Cuba.