President Donald Trump바카라 게임 웹사이트�s auto tariffs, which went into effect at 12:01 am ET on Thursday, have the potential to upend a crucial American industry and raise the cost of tens of millions of cars sold every year across the country.Many products are likely to be subject to higher prices due to the tariffs. But none will cost Americans more, or shake as critical an industry as the tax on imported cars that just went into effect or the tariffs on auto parts that are due soon.America바카라 게임 웹사이트�s economy has evolved over the past half a century 바카라 게임 웹사이트� today, it is a service economy, not one built around manufacturing. The United States makes far fewer cars than it once did. But autos are still a key pillar of the U.S. economy, responsible for driving growth and millions of jobs. However, the long-established model of operation and economics of the industry are shaken by these new rules.Cars are crucial to American바카라 게임 웹사이트�s daily lives: getting to work, going shopping, traveling on vacation. Prices are already near record levels, with a new car costing nearly $50,000 on average. That is likely to go higher in the weeks and months ahead, making it much more difficult for afford the cars they want or need.What just took placeThe Trump administration placed tariffs of 25% on all cars shipped to America from other countries. Those imports account for nearly half of the 16 million new cars purchased in the United States in 2024, according to S&P Global Mobility.Mexico is the largest source of those imports, sending 2.5 million cars to U.S. dealerships. Canada ships another 1.1 million, while an additional 3.7 million come from countries outside North America including South Korea, Japan and Germany.To put in context, an imported car with a value of $40,000 would be hit with a $10,000 tax. That is a cost someone along the supply chain will have to bear.바카라 게임 웹사이트�There is a healthy debate to be had over how that cost might be shared between the suppliers, the (automakers), dealers and the final consumers,바카라 게임 웹사이트� said an auto executive to CNN on background last week. The consumer 바카라 게임 웹사이트�will see a fair chunk of it.바카라 게임 웹사이트�The Trump administration is also expected to roll out tariffs on auto part imports no later than May 3. And when tariffs on car parts go into place, that means it will cost more to produce cars even at U.S. auto plants. That바카라 게임 웹사이트�s because every domestic vehicle contains imported parts.For decades, ever since the North American Free Trade Agreement or NAFTA went into effect in the early 1990s, the automakers have operated as if the United States, Mexico and Canada are a single country. Companies move parts across the border several times during the assembly process. Today, every one of 10.2 million cars made at U.S. factories have a significant amount of Mexican and Canadian parts 바카라 게임 웹사이트� typically between 25% and 60%.Analysis by Bank of America says that tariffs on car parts will increase the cost of American made cars by about $4,000. Another analysis by Anderson Economic Group puts the cost at more than $12,000 for some vehicles.바카라 게임 웹사이트�Let바카라 게임 웹사이트�s be real honest: Long term, a 25% tariff across the Mexico and Canada borders would blow a hole in the U.S. industry that we바카라 게임 웹사이트�ve never seen,바카라 게임 웹사이트� said Ford CEO Jim Farley in comments to investors in February.What tariffs mean to car buyersCars are the second largest purchase for most households, behind housing. Last year, American consumers purchased about 13 million new cars and 40 million used cars. That means nearly 40% of U.S. households bought a car in 2024.And those millions of Americans will soon face higher prices. Not just because of the increased cost of building a car, but because of the basic economic theory of supply and demand.Virtually every car purchase is done through a negotiation between car dealer and buyer, which are greatly influenced by the availability of the car that the buyer wants to buy. Less supply translates to higher prices, and the tariffs mean that there바카라 게임 웹사이트�s likely to be millions of fewer new cars available for sale.Even the price of used cars will be affected, even if there aren바카라 게임 웹사이트�t tariffs attached to the cost. That바카라 게임 웹사이트�s because a squeeze on the new car market will force many buyers to look at used cars, increasing demand.Here, history is a guide. That바카라 게임 웹사이트�s what happened a few years ago when a supply shortage led to a price shock.In 2021, as automakers tried to ramp up production that had been curtailed in the first year of the pandemic, a shortage of parts, most notably computer chips, cut into car production. That drove new car prices up sharply. Soon afterward, almost all car buyers were paying more than sticker price.The average price jumped 17% for new vehicles between January and December of 2021, according to data from car buying site Edmunds.com. Used car prices rose even faster 바카라 게임 웹사이트� 32% during the same period.Americans have been scrambling in the last week to buy cars before the tariffs take effect. All the automakers reported a jump in sales in March, particularly for import models.Robert Wyatt of Jersey City purchased a Toyota Land Cruiser, which is imported from Japan, this past weekend.바카라 게임 웹사이트�I wanted to wait a year or two, but I don바카라 게임 웹사이트�t want to pay more because of the tariffs,바카라 게임 웹사이트� he told CNN. The car that he traded in had relatively low miles but was nine years old and starting to break down.But even buyers looking at models made at U.S. factories said they wanted to buy before prices went up.바카라 게임 웹사이트�I바카라 게임 웹사이트�ve always wanted a Wrangler,바카라 게임 웹사이트� said Rosa Scott Wednesday after purchasing the Toledo-built model at a dealership in Glen Mills, Pennsylvania. 바카라 게임 웹사이트�I wanted to wait a couple of months, but it might be too much by then.바카라 게임 웹사이트�Auto jobs at risk in near-termBut it바카라 게임 웹사이트�s not just higher prices for car buyers 바카라 게임 웹사이트� it could also mean job loss for American autoworkers.About 1 million people work in American factories that either assemble cars or produce the auto parts that go into the cars, according to Labor Department data.The Trump administration says that the goal of the tariffs is to create additional auto jobs by forcing automakers to shift production to America. But there바카라 게임 웹사이트�s a good chance there will be job losses long before any new factories can be built or reopened.That바카라 게임 웹사이트�s because of the way the North American market works. If Mexican and Canadian assembly plants shut down due to lost access to the U.S. market, that will affect U.S. suppliers sending parts to those plants. American automakers and parts manufacturers exported 35.8 billion in parts to Mexico, and 28.4 billion in parts to Canada, according to Commerce Department data. So those exporters could be forced to trim production 바카라 게임 웹사이트� and U.S. jobs.In addition, about 1 million American-made cars, or 10% of U.S. production, are destined for Canada and Mexico. Retaliatory tariffs on U.S. cars would raise prices for car buyers north and south of the border. That risks U.S. production, cutting hours, if not temporary layoffs, at U.S. plants as a result.And factory workers are only a fraction of the nation바카라 게임 웹사이트�s auto jobs. Another 1.3 million work at car dealers, with 600,000 working in stores that sell auto parts and accessories.Jobs at parts stores will likely not be affected, especially if people are looking for parts to keep older cars on the road. But jobs at dealerships could be at risk from the expected drop in sales.But those working directly in the industry are only part of the jobs at risk. There are millions more providing services, including transporting the cars and marketing.Will tariffs lead to more US jobs?Trump on Wednesday insisted that the auto tariffs will result in automakers rushing to build or reopen auto plants in United States, either by shifting production to underutilized plants or building new ones.But automakers are not indicating any plans to go through the cost of shifting production here, at least in the near term.Part of that is because Trump바카라 게임 웹사이트�s on-again-off-again levies don바카라 게임 웹사이트�t provide the certainty that automakers need to invest billions of dollars in new plants.바카라 게임 웹사이트�If they become permanent, then there바카라 게임 웹사이트�s a whole bunch of different things that you have to think about, in terms of where do you allocate plants, do you move plants, etc.,바카라 게임 웹사이트� General Motors CFO Paul Jacobson told investors in February.But Jacobson said the company has too many questions about the future of trade policy to make those kinds of decisions at this time.바카라 게임 웹사이트�Think about a world where we바카라 게임 웹사이트�re spending billions in capital, and then it ends. We can바카라 게임 웹사이트�t be whipsawing the business back and forth,바카라 게임 웹사이트� he said.But it's not just uncertain policy 바카라 게임 웹사이트� executives say there바카라 게임 웹사이트�s no way to quickly pivot and shift production.바카라 게임 웹사이트�There are not a lot of levers we can pull in the very short term,바카라 게임 웹사이트� said the auto executive who spoke to CNN on background last week. 바카라 게임 웹사이트�We바카라 게임 웹사이트�re talking about a capital-intensive industry.바카라 게임 웹사이트�Asked if production could be moved back to the United States as Trump has suggested the executive said there are many challenges.바카라 게임 웹사이트�If you바카라 게임 웹사이트�ve ever done a home renovation, you know that anything is feasible if you put enough money behind it, right? But economically feasible is a different question,바카라 게임 웹사이트� said the executive. 바카라 게임 웹사이트�It takes time, particularly since we are close to capacity in most facilities still coming out of the supply chain crunch. So you바카라 게임 웹사이트�re talking investing in new physical capacity in the US, which has a very long lead time.바카라 게임 웹사이트�Even something as seemingly simple as switching a factory to make a different model can shut the plant down for a year or more. It also takes years for an automaker to go from announcing a new factory to the first car rolling off the assembly line.For example, Stellantis, which makes cars in North America under the Jeep, Ram, Dodge and Chrysler brands, agreed to re-open a shuttered plant in Belvidere, Illinois, as part of a deal to end a 2023 strike by the United Auto Workers. But that plant won바카라 게임 웹사이트�t reopen until 2027.Bank of America said it would be 바카라 게임 웹사이트�essentially impossible바카라 게임 웹사이트� to reshore most auto parts due to the cost of labor in the United States and availability of workers. Some production could shift back relatively quickly to U.S. plants producing the same model, such as the Chevrolet Silverado, which is built at one plant in Mexico, one in Canada and two U.S. factories. But most models built elsewhere for the U.S. market are not built in American factories. In those cases, shifting production back to a U.S. plant it will likely take years.The United Auto Workers union, despite its endorsement of former Vice President Kamala Harris during the presidential election, has strongly endorsed the auto tariffs, saying they believe it will eventually lead to more production here.바카라 게임 웹사이트�With these tariffs, thousands of good-paying blue collar auto jobs could be brought back to working-class communities across the United States within a matter of months, simply by adding additional shifts or lines in a number of underutilized auto plants,바카라 게임 웹사이트� said a statement from the union. 바카라 게임 웹사이트�Right now, thousands of autoworkers are laid off at Ford, General Motors, and Stellantis following recent decisions by auto executives to ship jobs to Mexico.바카라 게임 웹사이트�But many of the cars built in Mexico are lower priced models that may not be affordable when built by higher paid American workers. Automakers might very well just stop producing the lower priced models altogether.바카라 게임 웹사이트�Nobody is really talking about where the labor is going to come from,바카라 게임 웹사이트� said former Ford CEO Mark Fields in an interview with CNN.CNN바카라 게임 웹사이트�s Matt Egan and Nicki Brown contributed to this report.