ASA Podcast: Automotive Tariffs & Industry Shifts: What to Expect

In the latest ASA economic update podcast, Keith Prather, Managing Director at Armada, explores the evolving landscape of automotive tariffs and their potential impact on the economy and industry. With Dr. Chris Kuehl out, Prather explains how a new automotive agreement ties into these tariffs and what could change by 2026. He also talks about how many cars and parts are brought in from other countries and what that means for the U.S. market.
 

One big concern is that many car parts are made overseas, and switching to U.S. production won’t happen overnight. Building new factories takes time and money, so we won’t see a quick shift. Because of this, car prices might go up since companies will have to pay more to bring in parts or build new facilities. The process will be slow, making it hard to meet demand quickly.
 

Looking ahead, there’s no clear answer on whether these tariffs will ease up. It all depends on trade deals and government decisions. Until then, carmakers, dealerships, and buyers will have to deal with uncertainty about prices and availability. The big question is: will the U.S. be able to produce enough cars and parts to keep up with demand, or will prices just keep rising?
 

LISTEN NOW