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Trump Team Is Pivoting to No Pain, No Gain as Economic Message​



President Donald Trump during a joint session of Congress in the House Chamber of the US Capitol in Washington, DC, on Tuesday.

President Donald Trump during a joint session of Congress in the House Chamber of the US Capitol in Washington, DC, on Tuesday.
Photographer: Win McNamee/Getty Images/Bloomberg
By Skylar Woodhouse and Josh Wingrove
8 March 2025 at 8:00 PM SGT
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Takeaways NEW​

President Donald Trump campaigned on a promise to cure what he said was an ailing US economy. Little more than a month into his second term, he’s starting to hint that the treatment might hurt.

The administration is still lavishing Americans with visions of a golden age to come. Yet in the course of a madcap week – which saw a flurry of tariffs and reversals, sparking a global trade war and a sharp stock-market decline – the tone changed a bit.
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A new car costs nearly $50,000 on average: Here’s how much you’d pay per month​

Published Sat, Mar 8 202510:00 AM EST
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Mike Winters@MIKE_WINTRS
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A car dealer gives a customer keys to a new car.


Adam Gault | Getty Images
It’s becoming increasingly expensive to buy a new car.

In fact, a record number of new-car buyers — nearly 1 in 5 — are making payments of $1,000 or more, according to Edmunds. For a household earning the U.S. median income of $80,610, a $1,000 car payment would take up 15% of pre-tax income, before factoring in the cost of insurance, gas or maintenance.


It doesn’t help that the average price of a new auto is nearly $50,000. And prices could climb even higher. With the looming possibility of 25% tariffs on cars and components from Mexico and Canada, new car costs could rise by as much as 12%, or $5,790, according to one estimate.

With prices at near-record highs and potential tariffs looming, buying a new car has never been more expensive. But factors that you have more control over, like your credit score, loan terms and down payment, also impact your monthly payments. Here’s a look at how to make a new car fit your budget.
 
Sinki must be happy for Swiss Standard of living as our Car Price is really On Top of The World?!!
 
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