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Trump Signs Orders to Scale Back Auto Tariffs

UNITED STATES, JUN 30 – Tariffs imposed on imported vehicles raised prices by about 5% and slowed sales after a spring buying surge, impacting nearly 18% of U.S. auto sales, industry analysts said.

  • Automakers are facing rising new vehicle prices and shifting consumer behavior amid tariff-driven uncertainty in mid-2025 in the U.S. auto market.
  • President Donald Trump’s renewed tariff push and recent court rulings have complicated trade policy and increased financial anxiety among buyers and dealers.
  • An Edmunds survey showed 44% of shoppers will definitely let tariffs influence purchases while 25% delay buying, with 58% leaning toward used cars instead.
  • The average new car price reached $48,799 in June 2025, up 1% year-over-year and 28% since 2019, while average monthly car payments hit a record $747, reports Cox and J.D. Power.
  • This environment signals production declines and continued sales challenges, with automakers needing agility as uncertainty and market disruption from tariffs persist.
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The Hill broke the news in Washington, United States on Tuesday, April 29, 2025.
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