Car prices could jump $6,000 as Trump's 25% import tariff kicks in

jjslash writes: President Trump has introduced a new 25% tariff on imported cars and auto parts, sparking debate about its effects on the U.S. auto industry. TechSpot reports:

While supporters argue that the policy will spur growth, attract investment, and create jobs domestically, critics warn that it will lead to significantly higher prices for shoppers.

The new tariff on imported cars will take effect on April 2, while the import duty on car parts will go into effect on May 3. The components subject to the new policy include engines and engine parts, transmissions and powertrain components, and electrical systems.

Under the plan, imported vehicles will be taxed only on their non-US content.