Canadian Prime Minister Justin Trudeau said that the new 25% of Tariffs, which Trump’s administration has imposed in his country “very stupid” in his country. (Credit: Reuters)
President Donald Trump New tariffs on Mexico and Canada could cause car prices to grow up to $ 12,000, a new analysis reveals.
Anderson’s economic group analyzed the influence Trump 25% tariffs On products from Canada and Mexico, they found that the tariffs, which are imported import tax, would cause.
For a crossover municipal vehicle, production costs would increase by at least $ 4,000 due to tariffs, while for large SUV with significant amounts of Mexico content, about $ 9,000 would increase – with a pikapa trucks recorded a similar increase of $ 8,000.
Electric vehicles (EVS) would see the highest increase in the cost from the tariff, as costs could increase more than $ 12,000, the analysis revealed.
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25% of President Donald Trump’s tariff to import from Canada and Mexico could increase car prices by thousands of dollars per vehicle, an analysis has been found. (Anna Moneymaker / Getty Images / Getty Images)
Anderson Economic Group also considered the impact of potential additional steel tariffs and aluminum, which was found to add $ 250 to $ 800 for gas vehicles made in North America and up to $ 2,500 for EVs, assuming that the exclusion is applied to the country tariffs.
Vehicles made in Europe and Asia would see an additional $ 800 to $ 1,700 costs per vehicle without tariff exclusion.
Retribution In order for Canada and Mexico to impose American slaves because of Trump’s 25% of the tariffs, they could increase these prices because it is imposed or increased by the imposing, encouraging the retaliation of Trump’s administration.
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Kanada Prime Minister Justin Trudeau scored on Tuesday, March 4, the new Tariff Trump administration tariffs. (Thierry Bonasse / Getty Figs / Getty Thumbnail)
Patrick Anderson, Executive Director of Economic Group Anderson, Bloomberg said“Such an increase in costs will bring directly – and I expect almost immediately – until the fall of the sales of models that have the biggest impact on the trade.”
North American auto industry It is very interconnected between facilities in the United States, Canada and Mexico, as car manufacturers have built a supply chain to use the efficiency created by trade agreements between three countries.
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Mexican President Claudia Sheinbaum holds a press conference to announce a response to the US tariff at the National Palace in Mexico City on March 4. (Raquel Cunha / Reuters / Reuters)
Auto parts can be shipped from USA Canada, then to Mexico and return to the US during production procedure. Depending on the part and the company, it could go more often now.
Each time these car parts cross the US border, a 25% tariff can be estimated if it has no exception, which creates a complex effect for tariff costs. This, in turn, triggers the prices that consumers pay for a granted vehicle or more.
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Report Cath institute He noted that for some car parts such as an engine or gearbox, that part could cross the US border with Canada and Mexico more than seven or eight times before it ended up in a finished vehicle.
