Trump’s New Trade Tariffs Could Make New Cars Cost Over $50,000 – Here’s What That Means for You
Trump’s New Trade Tariffs Could Make New Cars Cost Over $50,000 – Here’s What That Means for You Published: July 31, 2025 By: Mindset Masteries Car buyers in America — and around the world — might be in for some tough news. President Donald Trump’s recent trade agreements with Japan and the European Union are sending ripples through the auto industry. While many in the financial world are celebrating the deals for bringing stability to global trade, everyday consumers could soon face higher costs when purchasing a new car. In fact, the price of a brand-new vehicle could soon pass $50,000 , putting even basic transportation out of reach for many middle-class families. So, what exactly is going on? And how will it affect people not just in the U.S., but also in countries that trade with or rely on American car manufacturing? Let’s break it all down. What Did Trump’s Trade Deals Do? President Trump recently signed trade agreements with both Japan and the European Uni...