We adhere to strict standards of editorial integrity to help you make decisions with confidence. Some or all links contained within this article are paid links.
President Donald Trump’s sweeping tariffs are sending shockwaves across industries — and the auto world is feeling the impact. A 25% levy on imported vehicles is shaking up the market, prompting bold moves from major automakers.
Ford has launched its “From America, For America” initiative, extending employee pricing to all U.S. customers on most models from April 3 to June 2. The company says it’s more than just a promotion — it’s “a handshake deal with every American.”
Don’t miss
- I’m 49 years old and have nothing saved for retirement — what should I do? Don’t panic. Here are 5 of the easiest ways you can catch up (and fast)
- Gain potential quarterly income through this $1B private real estate fund — even if you’re not a millionaire. Here’s how to get started with as little as $10
- Car insurance premiums could spike 8% by the end of 2025 — thanks to tariffs on car imports and auto parts from Canada and Mexico. But here’s how 2 minutes can save you hundreds of dollars right now
Employee pricing typically means paying below the dealer invoice, potentially saving buyers hundreds or even thousands of dollars.
Ford isn’t alone. Stellantis — the parent company of Chrysler, Dodge, Jeep and Ram — has rolled out a similar offer, expanding employee discounts across most of its new lineup.
Sticker shock ahead — so save where you can
For car buyers, uncertainty is the new normal. While Ford and Stellantis are stepping in with incentives, others — including Audi and Jaguar Land Rover — have paused U.S. shipments in response to new import tariffs.
Industry experts at Cox Automotive warn that prices on new vehicles are likely to rise this year as the effects of Trump’s 25% tariff ripple through the market. The firm estimates that imported vehicles could cost $6,000 more, while U.S.-assembled cars may see a $3,600 increase due to tariffs on automotive parts.
That would be an added burden for consumers at a time when car ownership is already becoming more expensive. According to the American Automobile Association, the total cost of owning and operating a new vehicle in 2024 has climbed to around $12,297 per year — or $1,024.71 per month.
One major recurring expense is car insurance, and many people overpay without realizing it. According to Forbes, the national average cost for full-coverage car insurance in 2024 was $2,149 per year (or $179 per month). However, rates can vary widely depending on your state, driving history and vehicle type.
By using OfficialCarInsurance.com, you can easily compare quotes from multiple insurers, such as Progressive, Allstate and GEICO, to ensure you’re getting the best deal.
In just two minutes, you could find rates as low as $29 per month.
Read more: Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan ‘works every single time’ to kill debt, get rich in America — and that ‘anyone’ can do it
Higher inflation, slower growth — and 1 time-tested safe haven
The tariffs have only just taken effect, but many experts are already sounding the alarm about their impact.
Federal Reserve Chair Jerome Powell recently warned that the tariffs could trigger widespread economic fallout, including “higher inflation and slower growth.”
JPMorgan CEO Jamie Dimon echoed the concern, warning that inflation would hit “not only on imported goods but on domestic prices, as input costs rise and demand increases on domestic products.”
Billionaire hedge fund manager Ray Dalio sounded an even more dire note, pointing to stagflation — a toxic mix of high inflation, weak growth and rising unemployment.
“The first order consequences of [tariffs] will be significantly stagflationary in the U.S.,” Dalio wrote on X.
To brace for economic turbulence, Dalio recently emphasized the power of diversification and the role of one time-tested asset.
“People don’t have, typically, an adequate amount of gold in their portfolio,” he noted in an interview with CNBC. “When bad times come, gold is a very effective diversifier.”
Gold has long served as a hedge against inflation. It can’t be printed out of thin air like fiat money, and because it’s not tied to any single currency or economy, investors flock to it during periods of economic turmoil or geopolitical uncertainty, driving up its value.
Over the past 12 months, gold prices have surged by 29%.
For those looking to capitalize on gold’s potential while also securing tax advantages, one option is opening a gold IRA with the help of Priority Gold.
Gold IRAs allow investors to hold physical gold or gold-related assets within a retirement account, thereby combining the tax advantages of an IRA with the protective benefits of investing in gold, making it an option for those seeking to ensure their retirement funds are well-shielded against economic uncertainties.
When you make a qualifying purchase with Priority Gold, you can receive up to $10,000 in silver for free.
What to read next
- Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don’t have to deal with tenants or fix freezers. Here’s how
- Here are 3 ‘must have’ items that Americans (almost) always overpay for — and very quickly regret. How many are hurting you?
- Trump warns his tariffs will spark a ‘disturbance’ in America — use this 1 dead-simple move to help shockproof your retirement plans ASAP
This article provides information only and should not be construed as advice. It is provided without warranty of any kind.
