A car prices can rise by 12,000 dollars with -the last Trump tariff

President Donald Trump The new analysis reveals new tariffs for Mexico and Canada that the car prices will increase to $ 12,000.

Anderson’s Economic Group analyzed the impact 25% Trump tariffs Foods from Canada and Mexico found that the tariffs that are taxed are caused.

For a utilita car for crossroads, production costs will increase by at least $ 4,000 from the tariffs, while for a large SUV with a large amount of content from Mexico will grow by about $ 9,000 – there is a similar growth by $ 8,000.

The analysis would find that electric vehicles (EVS) will see the highest increase in costs compared to tariffs as costs can rise to $ 12,000.

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The analysis noted that 25% of Donald Trump’s president’s tariffs on Canada and Mexico may increase the car prices for thousands of dollars per vehicle. (Anna Moneymaker / Getty Images / Getty Images)

The Anderson’s economic group also considered the impact of potential additional steel and aluminum tariffs, which it found will add from $ 250 to $ 800 to the gases made in North America, and up to $ 2500 to EVS, believing that the exception is applied to tariffs.

Cars made in Europe and Asia will see an additional $ 800 to $ 1700 for a vehicle without exception.

Retaliation of tariffs The fact that Canada and Mexico can apply against US goods with 25% of Trump tariffs can increase these prices higher as the Trump administration enforce or increase.

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On Tuesday, March 4, Canada Prime Minister Justin Trudu cut the new Trump administration tariffs. (Thierry Monasse / Getty Images / Getty Images)

Patrick Anderson, CEO of Anderson’s Economic Group, said Bloomberg“Such an increase in costs will lead directly – and I expect almost immediately – to reduce sales of models that provide the largest trade consequences.”

North American Automotive industry Very interconnected between facilities in the US, Canada and Mexico, as automakers built supplies networks to use the efficiency created by trade agreements between the three countries.

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Mexico President Claudia Sheinbaum holds a press conference to announce the response to the US National Palace in Mexico City on March 4. (Raquel Cunha / Reuters)

Autoses can be sent from the US to Canada then to Mexico and return to the USA in the course of Process of production. Depending on the part and company, it can cross the United States more often.

Whenever these auto parts cross the US border, 25% fare can be estimated if no exception is provided, which creates a complex effect for tariff costs. This, in turn, causes prices paid by consumers for a ready -made vehicle or part above.

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Report from The Cato Institute He noted that for some auto parts, such as engine or transmission, this part may cross the borders of America with Canada and Mexico up to seven times before they find themselves in the finished vehicle.