Tariff policies will raise prices for new and used cars in the United States, and maintenance costs will also increase.

The New York Times reported on the 3rd that the United States' imposition of a 25% tariff on imported automobile parts could significantly increase the prices of new and used cars, as well as maintenance and insurance costs. The report stated that the tariffs on imported automobile parts will have a wide-ranging impact, as even cars manufactured in the United States often have engines, transmissions, batteries, etc. produced in other countries. Trump's tariff policy has already raised new car prices, as consumers rushed to dealerships to buy cars before the policy took effect. The tariff policy also affects the used car market, as more and more people are looking for affordable alternatives to new cars, increasing demand and prices. The tariffs on automobile parts are expected to increase maintenance costs and insurance premiums, as replacing automotive parts will become more expensive. The continuously rising car prices will worsen inflation.