How New 25% Tariffs Will Drive Up Car Prices

As consumer prices continue to rise across sectors, Managing Attorney Parag Amin of LawPLA appeared on FOX 5 DC, to provide expert analysis on the newly proposed 25% tariff on foreign-made vehicles.

During the news segment, Amin outlined the cascading economic effects these tariffs would have on the automotive market, warning viewers that both new and used car prices are expected to increase significantly. “This isn’t just about imported vehicles becoming more expensive,” Amin explained during the broadcast. “We’re looking at a situation where production slowdowns and increased demand for used vehicles will drive prices up across the entire automotive market.”

For Southern California business owners who rely on company vehicles or transportation services, these tariff implications could substantially impact operational costs in the coming months. Amin, recognized as a SuperLawyers Rising Star for nine consecutive years (2017-2025), leveraged his background in financial advising and business litigation to provide practical insights for consumers and business owners alike. The appearance reinforced LawPLA’s commitment to keeping California businesses informed about economic policies that may affect their bottom line.

Watch the full segment to learn more about preparing your business for these potential price increases.