Tariffs

Up to 435,000 fewer vehicles produced in 2025 due to tariffs with another 240,000 lost in 2026, totaling 675,000 vehicles over two years.

Auto suppliers face a financial crisis, forcing many to take on costly loans or halt deliveries, further disrupting production.

Supply chain disruptions could shut down U.S. assembly lines, worsening the damage.

North American production would drop by 900,000 vehicles in 2025 and 1.3 million in 2026, hurting U.S. manufacturers supply parts to Canada and Mexico.

New vehicle prices would rise by over $4,000, making cars less affordable.

Monthly vehicle payments would increase by $70-$80.

Adds $1,000 in extra interest over a typical auto loan.

The Peterson Institute estimated that a 25% tariff on autos and parts would eliminate up to 5 percent of U.S. OEM and supplier jobs - that would be 50,000 fewer jobs today.

Over 1 million fewer new vehicles sold in 2025.

Not just imported cars - U.S.-made vehicles would also see lower sales, further reducing domestic production.