Brace yourselves, Trump tariffs are coming. Uncertainty looms as some people claim it will force businesses back to America and others fear higher inflation. One thing we do know is that America’s second favorite truck, the Chevrolet Silverado 1500 could get extremely expensive. 

Trump tariffs could hurt America’s second favorite truck 

America’s second favorite truck is the Chevy Silverado 1500. It has managed to stay close on the Ford F-150’s heels but hasn’t been able to tackle the sales leader. 

However, now the Silverado could have a harder time competing as Trump tariffs have the potential to rock the automotive industry. 

Automakers have been opposed to the tariffs as they rely on a majority of parts from Mexico and Canada. Ford CEO, Jim Farley, shared that the 25% tariff across Mexico and Canada will blow a hole in the U.S. industry that we‘ve never seen. 

According to NPR, American cars could face a rise in manufacturing costs between $4,000 to $10,000 per vehicle depending on its brand. 

Chevrolet imports 2025 Silverado parts for billions of dollars. The transmissions cost $4.1b, the braking system components cost $4.3b, and the door trim/panel parts cost $8.6b. To compensate, prices for the 2025 Silverado could increase by $10,000. 

Many drivers already can’t afford the high prices of new and used cars due to price increases during the pandemic. Some automakers may protect sales by trying to absorb the costs but analysts still anticipate rising costs. 

Production costs will rise by thousands overnight. Prices are expected to increase by 6% on average. But the Chevy Silverado could struggle more than other trucks.