Car shoppers are descending on showrooms. Automakers are speeding up shipments of new vehicles. Dealers are huddling with their rivals to exchange ideas on how best to cope.

The tariffs announced by President Trump have spurred concerns that the price of buying a vehicle could rise and that the auto industry could be rattled.

Americans were already concerned about inflation when President Donald Trump announced 25% tariffs on imported automobiles and car parts on Wednesday. An analysis by economist Arthur Laffer shows the tariffs could add $4,