Auto Tariffs to Cripple Affordable US Cars
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US auto tariffs, implemented by the Trump administration, are expected to significantly increase new car prices. The average new car price is already near $50,000. These tariffs, impacting both assembled vehicles and imported parts, will disproportionately affect budget-conscious buyers. Experts predict a sharp reduction in affordable car options under $30,000, with many popular models facing price hikes of around $6,000. This could lead to increased demand in the used car market and potentially the disappearance of some affordable models altogether.
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