I hope that we won't see big price increase on Asian cars due to Trump's new tariffs that are coming out on April 3rd. I assume the 25% tariff is on wholesale prices, so retail prices, after the manufacturers eat some of the cost will go up by around 10%? What do you guys think? Even as of now, most folks can't afford brand new cars and how do they expect people to afford cars after these tariffs are in place?
Here are some facts for you....
we won't see big price increase on Asian cars
"Coming in second is Japan, with a total of $40.76 billion worth of car imports, making up 18.6% of the total."
( https://www.usimportdata.com/blogs/top-us-car-imports-by-country-in-2024)
how do they expect people to afford cars
Let me ask you ... Why do you want to support Mexican workers, and not American workers?
50% of the parts used to make cars in the USA are foreign parts.
The top US car import partner is Mexico, accounting for 22.8% of all car imports in 2024. With a total value of almost $50 billion ...12 new plants were built in Mexico, just since 2019.
A lot more people will be able to afford to buy cars with the jobs that these tariffs will bring.
I hope that we won't see big price increase on Asian cars due to Trump's new tariffs
On this one I don't think even Trump truly knows. Car manufacturers source parts globally so "Made in America" all depends on what they define as "Made in America". The crystal ball (chuck) thinks prices and wages never go down😁
Manufacturers least affected by the additional costs(Tariff) are Rivian and Tesla. 
"Every 2025 model-year vehicle gets at least 20% of its content from countries other than the U.S. and Canada, according to DOT's American Automobile Labeling Act data."
https://www.axios.com/2025/03/27/trump-auto-tariffs-vehicles-cars-trucks-suvs
I hope that we won't see big price increase
that will be the ultimate outcome. But hey autonomy and good economy aint bad either. No more chip shortages.
Here's one take on it, I'm sure there are many more out there, mostly focusing on the short term:
The idea behind the tariffs is that, aside from being a negotiating tool, longer-term the increased cost of imported goods will be offset by an improved economy as companies invest in U.S. based production, as well as lower taxes resulting from the income provide by the tariffs themselves, foreign companies paying U.S. taxes when they build facilities here, and cutting government waste.
Not to mention that there is a desire to reduce our dependence on adversarial nations such as China.
Will it work? I have no idea. The crystal ball has to go back to the shop...
We don't know yet. (At least my crystal ball doesn't seem to be working at the moment.) It will likely depend on where the vehicle is assembled and the percentage of imported parts. The worst case scenario would be prices go up by 25% in cases where everything is imported and the manufacturer passes 100% of the additional cost to the consumer.
@chucktobias You need to fix your crystal ball if it's not working. Have you run diagnostics on it or doesn't it have OBD2 port 🙂
The Big Three started exporting jobs overseas because labor is much cheaper in other countries than in the US. Manufacturers know this, nobody sells cars for less money, even after outsourcing most of the work to countries where labor is cheaper. Their cost to manufacture cars has gone down, but they're still charging you the same price at the dealership. "Creating" shareholder value is the name of the game.
Even Toyota is starting to build trucks in Mexico, when that company was first trying to get a foothold in the US car market, their philosophy wasn't importing cars, which Americans don't like, they built factories on US soil and employed Americans to produce them. Car manufacturers saved themselves money, and they're still charging you the same price that they used to.
With the Big Three having as many recalls as they have been, they should be charging less for their cars, not more.
I live near Dayton, Ohio. There were so many car manufacturers scattered around the region, it was often referred to as Little Detroit. Delco was in Kettering, Chrysler had plants in Dayton, I used to work across the street from what was one of the main Chrysler plants in Dayton. All of that is gone. GM used to produce the Blazer, TrailBlazer and GMC Jimmy in Moraine. That went out the window during the GM bankruptcy. Now, they've built a new plant specifically for those cars in Mexico and left Dayton out to dry. Good riddance to them. In my opinion, they ought to pay tariffs, if GM is so "American", they should be making cars here, not overseas.
