“You don't need to panic,” Brian Moody, executive editor at Autotrader, tells TIME, pointing to the constantly evolving tariff policies enacted by the Trump Administration. “If someone's already in the market for a new car, and they were planning to do that this year, I think you can go ahead and do that.”

CR's experts advise on the impact of car tariffs, what they mean for car buying, and how to save money even now.

For many consumers, buying a new car is already a costly challenge. President Donald Trump has now made it even more financially difficult. Trump announced Wednesday that he wants to impose a 25 percent tariff on imported cars and parts on the theory that a trade war might boost manufacturing jobs in the United States in the long run.