Thinking about buying a car? Hurry up, because this classic American brand might raise its prices this summer
Trump’s tariffs are set to affect everyone across the nation.
Donald Trump’s tariffs could see Ford raise their prices if they remain in place, the company has said.
The crazy to-and-fro economics pursued by the 47th President have seen the one thing that businesses do not want to skyrocket: uncertainty. Ever since he announced the controversial tariff plan, which put 25% tariffs on automobiles and auto parts imported to the US, the economy has simply tanked and ordinary people are paying the price.
CBS reported that “the price of a typical car could rise by between $5,000 to $10,000″ as the American people take the hit from the political decisions from the former reality TV star. They add that “average insurance premiums could rise to $2,759, or a 19% bump from the typical cost”. The US car market is an intertwined, complex machine that involves many countries across the world; very few cars are built and assembled completely in the United States.
‘There is a possibility we’d have to take up pricing’
Ford spokesperson Said Deep told CBS MoneyWatch that “everything is so fluid, so there is a possibility we’d have to take up pricing. The price hikes, should they go into effect, would not be applied to any of the company’s existing inventory. “The tariff situation is dynamic and while we continue to evaluate the potential impact of tariff actions, we will not change the price of any vehicle currently in inventory through June 2.”
“We understand that these are uncertain times for many Americans,” Ford themselves said in a statement announcing the promotion of an offer that will see all customers employee price rates. “Whether it’s navigating the complexities of a changing economy or simply needing a reliable vehicle for your family, we want to help.”
BREAKING: Despite Trump claiming multiple times that he is talking to China about tariffs, China just put out a statement saying that they are NOT having any talks with the US and that the US should "stop creating confusion." pic.twitter.com/lgjKmEyXOr
— Brian Krassenstein (@krassenstein) April 25, 2025
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