July 29, 2025
Watch out! The media is warning that the price of new cars could soon soar past $50,000 due to Trump’s tariffs
By Jack Hellner
The brilliant Yahoo finance writer, Rick Newman, has written a detailed article telling the public how prices of new cars will soon go well over $50,000: “Trump’s trade deals could push the average new car price well above $50,000”. Somehow, he doesn’t say what prices were when Trump took office, or what they are today.
Before and after the election, the media and other Democrats fearmongered about how Trump’s trade policies will cause prices to soar on new cars and everything else. Many people ran out and bought cars and other imports because of these so-called experts warnings. Of course they probably also panicked and sold off their portfolios in April because the “experts” were predicting a depression and tumbling stocks.
That honest Democrat leader, Chuck Schumer, said that the stock market turmoil caused the average person to lose $100,000:
The stock market for people who have 401Ks, and that’s more than half the people in the country. The average person with a 401K lost $100,000. What are they going to do if you’re about to retire? So, it’s awful, awful.
It is just amazing that an average person lost that much when the internet shows that the highest median balance for any age is under $100,000. Of course fact checkers weren’t there to correct Schumer because they were too busy scaring the public. The people that panicked out haven’t benefited from record highs, and the fearmongers haven’t apologized for their bad advice and analysis. They never do.
So what does the internet say the average price of a new car was in Biden’s last month in office in December of 2024? $49,740.
more
https://www.americanthinker.com/blog/2025/07/watch_out_the_media_is_warning_that_the_price_of_new_cars_could_soon_soar_past_50_000_due_to_trump_s_tariffs.html
