this post was submitted on 27 Mar 2025
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cross-posted from: https://lemmy.ca/post/41346282

Car prices could rise by $5,000 to $15,000 if a 25% tariff on imported cars is maintained, according to Goldman Sachs.

Automakers are likely to pass on the impact of tariffs to customers by raising prices, and that could close the price gap between Tesla's electric vehicle and competing gas-powered cars, analysts said.

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[–] RandAlThor@lemmy.ca 28 points 3 days ago (1 children)

This is why Trump is targeting auto sector. He and Elon are trying to destroy Tesla's competitors. It isn't for the American people. It is for Elon. Just look at the markets this morning. While all the other auto makers are down, Tesla is up. You know what to do Canada!

[–] Brynawel@feddit.org 12 points 3 days ago

And you too, Europe!