Trump's ongoing 25% auto tariffs expected to cut sales by millions, cost $100 billion
1. 25% tariffs on vehicles will raise industry costs by $110 to $160 billion. 2. Analysts predict 2 million fewer vehicles sold annually due to increased prices. 3. Higher costs will limit consumer spending power, affecting vehicle sales. 4. New vehicle prices may rise by $2,000 to $4,000 in the next year. 5. Affordability issues persist, with average vehicle prices near $50,000.