On the 3rd, The New York Times reported that the United States' 25% tariff on imported auto parts is poised to elevate the prices of both new and used cars, along with repair and insurance costs. This policy has far-reaching implications as numerous essential components of cars manufactured in the US, including engines, transmissions, and batteries, frequently originate from other nations. The tariff measures implemented during the Trump era have already contributed to a surge in new car prices, prompting consumers to rush to purchase vehicles before the tariffs took effect. The used car market has likewise been impacted, with heightened demand driving up prices. Furthermore, the tariffs will result in higher repair costs and insurance premiums due to the increased expenses associated with replacing auto parts. The persistent escalation in car prices may exacerbate the issue of inflation.