Car buyers are rushing to U.S. dealerships ahead of Trump’s 25% tariffs on imported vehicles and parts, according to the Financial Times. Trump plans to impose 25% tariffs this week on vehicles and parts from Europe, Japan, South Korea, Mexico, and Canada, which could add up to $10,000 on the cost of most vehicles and $12,000 on electric vehicles. Analysts warn this pre-tariff surge will likely reverse by mid-year as prices rise.
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2025