WE MAY ALREADY BE PAYING MORE

If tariffs are imposed, says TIME's Adam Zagorin, they will be retroactive. "The tariffs haven't been levied, but they've been keeping track of all the affected imports since May 20. So while imports were way up in April, they should be down for May and June." The fees the U.S. Customs Service collects from importers will rise from 2.5 percent to 100 percent of the car's price, effectively doubling the price of the luxury models.