From CNBC.
A plan to reshore automotive manufacturing by imposing tariffs will take years and require billions of dollars in investment. In the meantime consumers could see higher prices, and fewer choices. CNBC breaks down which vehicles are likely most affected and how much prices are likely to rise.
Chapters:
00:00 – 00:36 Introduction
00:42 Chapter 1: Why tariffs are consequential
02:25 Chapter 2: What it means for consumers
03:48 Chapter 3: Wiping cheap cars from market
04:58 Chapter 4: Impact of dwindling demand
06:37 Chapter 5: Challenges of domestic manufacturing
Producer: Robert Ferris
Editor: Darren Geeter
Senior Managing Producer: Tala Hadavi
Camera: Kaan Oguz
Additional footage: Getty Images
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Want to earn some extra money on the side? Take CNBC’s new online course How to Start a Side Hustle to learn tips to get started and strategies for success from top side hustle experts. Pre-register now and use coupon code EARLYBIRD for an introductory discount of 30% off $97 (+taxes and fees) through April 1, 2025: https://cnb.cx/4gPqi2y
Connect with CNBC News Online
Get the latest news: https://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC on Threads: https://cnb.cx/threads
Follow CNBC News on X: https://cnb.cx/FollowCNBC
Follow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC
#CNBC
How Tariffs Are Going To Jack Up Car Prices In The U.S.