“The new 25 % tariffs imposed by the Trump administration are” very dumb “,” said Canadian Prime Minister, Canadian Prime Minister Justin Trudo. (Credit: Reuters)
President Donald Trump A new analysis shows that new tariffs in Mexico and Canada could raise car prices by up to $ 12,000.
The Anderson Economic Group analyzed the impact Tariff 25 % Trump In the case of Canada and Mexico products and found that tariffs, which are import taxes, were created.
For a cross -vehicle, production costs increase at least $ 4,000 due to tariffs, while for a large SUV with a significant amount of Mexico's content increased by approximately $ 9,000 – with pickup trucks that saw a similar increase of $ 8,000.
This analysis shows that electric vehicles (EVS) see the most cost increase from tariffs because costs can increase $ 12,000.
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An analysis shows that the 25 % tariff on President Donald Trump on Canada and Mexico imports could raise the price of the car thousands of dollars per vehicle. (Anna Moneymaker / Getty Images / Getty Images)
Anderson's economic group also considered the impact of additional steel and aluminum tariffs, which appears to be added to $ 250 to $ 800 for carbonated vehicles built in North America and a maximum of $ 2500 for EV, assuming that a deprivation for the country's tariffs is appointed.
Vehicles made in Europe and Asia cost $ 800 to $ 1,700 for each vehicle without tariff deprivation.
Retaliation tariffs That Canada and Mexico may apply to US goods over Trump's 25 % tariffs can bring these prices more by imposing or raising taxes and provoking the retribution of the Trump administration.
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Canadian Prime Minister Justin Trudeau criticized the Trump administration's new tariffs on Tuesday, March 4. (Thierry Monasse / Getty Images / Getty Images)
Patrick Anderson, CEO of Anderson Economic Group, He told Bloomberg“This type of cost increase directly – and I expect almost immediately – to reduce the sales of models that have the most commercial impacts.”
North America Automotive Industry The facilities in the United States, Canada and Mexico are very interconnected, as automakers have built supply chains to use the efficiency created by trade agreements between the three countries.
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Mexican President Claudia Shinboum holds a press conference to announce US tariffs at the National Palace in Mexico City on March 4. (Raquel Cunha / Reits / Reiters)
Automotive parts may be from the United States to Canada, then to Mexico and return to the United States in the course of Production processHuman beings can cross the United States even more depending on the company and company.
Each time those automotive parts cross the US border, if there are no exceptions, 25 % tariff can be evaluated, which creates a combined effect on tariff costs. This, in turn, directs the prices paid by consumers for the finished vehicle or a higher portion.
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Report by Kato Institute For some automotive parts such as motor or gearbox, that part can cross the US borders with Canada and Mexico seven or eight times before finishing an finished vehicle.