Washington DC, April 4 -- Trump's 25% tariff on auto imports could cost US consumers over $30 billion in higher car prices and reduced sales within the first full year, according to a study by consultancy firm Anderson Economic Group (AEG) released on Thursday.

While automakers may absorb some of the tariff costs initially, they are expected to shift production strategies, discontinue low-volume imported models, and eventually pass nearly all tariff-related expenses to consumers, Reuters reported, citing the study.

Trump introduced the 25% tariff last month on imported cars and light trucks, covering more than $460 billion in vehicle and auto parts imports annually, according to a Reuters analysis.

He also urged car owners to maintain ...