If you think the cost of goods is expensive now, come January, price tags could appear with some extra weight if the incoming Trump administration follows through with its threat of widespread tariffs.
Not only would items from across the sea be affected but also anything made in Canada and Mexico. Autos, in particular, could see MSRP increases by the thousands.
How much more will be added? Likely, a $3,000 average markup. Maybe that doesn’t seem too high a price for a “Made in North America” label, but the latest numbers from Kelley Blue Book list the average new-vehicle price currently at $48,623. The higher prices could also lead to a drop in U.S. demand, as much as one million units. That means fewer people are needed to work the assembly lines.
