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Marketplace Morning Report

Tariffs are starting to show up in car prices

Marketplace Morning Report

American Public Media

News, Business

4.5 β€’ 808 Ratings

πŸ—“οΈ 20 May 2025

⏱️ 8 minutes

🧾️ Download transcript

Summary

Higher tariffs are not working out so well for automakers. Subaru is raising prices, while GM is reportedly freezing shipments to China. Meanwhile, trade talks between the U.S. and Japan β€” home to Toyota, Honda and others β€” look to be moving slowly, at best. And later: One set of economic indicators points to a future economic slowdown, and a startup envisions a slow-moving sleeper train between Los Angeles and the Bay Area.

Transcript

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0:00.0

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0:24.5

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0:30.7

That's Marketplace.org slash donate.

0:36.2

Tariffs are starting to show up in car prices.

0:40.9

From Marketplace, I'm Sabri Beneshaw, in for David Brancaccio.

0:44.3

Higher tariffs are not working out so well for automakers.

0:47.6

Subaru is raising prices.

0:49.6

GM is reportedly freezing shipments to China.

0:52.8

Meanwhile, trade talks between the U.S. and Japan,

0:55.5

which is home to Toyota, Honda, and others, look to be moving slowly at best. Marketplace's

1:01.4

Nova Saffo has an update.

1:03.4

Analysts expected new tariffs, including on steel and aluminum and foreign-made vehicles, to push up prices.

1:10.1

Now, Japanese automaker Subaru says it's adjusting

1:13.1

its pricing to offset increased costs. Price hikes are reportedly as high as $2,000 on some models.

1:20.2

Meanwhile, Reuters says GM is halting shipments from the U.S. to China, despite a trade truce that

1:25.4

brought sky-high tariffs down, but not out. GM alone said

1:29.5

tariffs would cost the company as much as $5 billion this year. Ford pegged the number at $2.5 billion,

1:36.1

and is said to have already hiked prices on some models. Meanwhile, Japan, which the Trump

1:41.2

administration previously singled out as a country eager to make a trade deal,

1:45.4

appears to actually be in no hurry. Its top negotiator says the country is maintaining a key demand

1:50.9

that the U.S. eliminate tariffs on Japanese goods, not just reduce them. I'm Novosafo for Marketplace.

1:58.6

New data is flashing warning signs of an economic slowdown, but not a full-blown

...

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