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U.S. President Donald Trump signs an executive order in the Oval Office of the White House on March 26, 2025 in Washington, DC. President Trump announced 25% tariffs on all foreign-made cars. (Photo by Win McNamee/Getty Images)If the tariffs are fully passed onto consumers, the average auto price could jump by $12,500, a sum that could feed into overall inflation.
Originally published at The Associated Press