Bloomberg Businessweek
Car Prices Are Poised for $12,000 Surge on Trump’s New Tariffs
Mar 3, 2025
In this discussion, stacy-marie ishmael, Bloomberg's Crypto Managing Editor, shares insights on market skepticism regarding Trump's plan to include lesser-known digital tokens in a U.S. reserve. Alexis Browne Roberts, COO at Alexis Investment Partners, weighs in on emerging market trends amid the new tariffs expected to raise U.S. car prices by as much as $12,000. Together, they explore the ripple effects of these economic shifts on consumers and investors, emphasizing the importance of adaptability in a volatile market.
32:06
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Quick takeaways
- Impending tariffs on car imports from Canada and Mexico could raise U.S. car prices by up to $12,000, disrupting the automotive supply chain.
- Skepticism surrounding President Trump's proposed crypto reserve is causing market volatility, particularly affecting major cryptocurrencies like Bitcoin and Ethereum.
Deep dives
Impact of Tariffs on Auto Prices
Upcoming tariffs on vehicles manufactured in Canada and Mexico are expected to significantly increase car prices in the U.S. Estimates suggest that prices for electric vehicles could rise by as much as $12,000, with other vehicle types seeing increases ranging from $4,000 for crossovers to $9,000 for large SUVs. Automakers that rely heavily on parts or assembly from these countries will bear the brunt of the tariffs, disrupting the established North American supply chain. Companies like Ford and General Motors, which produce parts in Canada and Mexico, may see model offerings shrink as a result, affecting their sales volumes.
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