Ziggy Duchnowski was car shopping in Queens to find a vehicle for his wife before impending tariffs on imported cars take effect on April 3. President Trump's new tariffs, set at 25%, are expected to significantly increase new car prices by several thousand dollars for basic models and even more for luxury cars. This economic change is prompting consumers to buy vehicles now, and automakers will also need to adjust their manufacturing strategies to manage the cost increases associated with these tariffs.
Ziggy Duchnowski expressed concern about rising vehicle prices due to upcoming tariffs and aimed to purchase a new car before they take effect.
The 25 percent tariffs on imported vehicles will considerably raise new car prices, potentially adding thousands to entry-level models and significantly more to luxury vehicles.
Automakers will need to adjust their North American manufacturing and find ways to reduce costs as they brace for the financial impact of the new tariffs.
Consumer behavior is shifting with the tariffs coming; many are rushing to buy cars now to avoid future price hikes.
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