📈   From repairs to insurance, Trump's auto tariffs could make owning a car more expensive

Politics

By WYATTE GRANTHAM-PHILIPS, AP Business WriterNEW YORK (AP) — Even if you’re not in the market for a new car, U.S. President Donald Trump’s 25% tariffs on auto imports could make owning one more expensive.The new taxes, which are set to begin April 3 and expand in the following weeks, are estimated to raise the average cost of a car imported from another country by thousands of dollars. But repairs for vehicles that currently use foreign-made parts are also expected to get pricier — and, as a result, hike insurance costs farther down the road.While the White House says these tariffs will foster domestic manufacturing and raise $100 billion in revenue annually, economists stress that straining the ...

Boston Herald     Mar 28, 2025