Graphic Truth: Driving A Bargain?

President Trump has proposed tariffs of between 20 and 25 percent on foreign automobiles and auto parts. The plan, now under consideration by the Department of Commerce, would hit American allies who sell into the US market and consumers forced to pay higher prices at the showroom. Here’s an estimate of how average prices for three vehicle models in the US would change if a 25 percent tariff was put in place.

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A combination picture shows Russian President Vladimir Putin during a meeting with Arkhangelsk Region Governor Alexander Tsybulsky in Severodvinsk, Arkhangelsk region, Russia July 24, 2025.
REUTERS/Leah Millis

In negotiations, the most desperate party rarely gets the best terms. As Donald Trump and Vladimir Putin meet in Alaska today to discuss ending the Ukraine War, their diverging timelines may shape what deals emerge – if any.