Economists, researchers and analysts have warned that President Donald Trump’s sweeping trade policy of tacking steep tariffs on most goods that come in to America will deliver a taxing blow to consumers via higher prices.

US used vehicle prices are climbing again, reflecting market volatility linked to auto tariffs. The Manheim Used Vehicle Value Index rose 1.6% in June from May, marking the largest annual increase in nearly three years.

The Manheim Used Vehicle Value Index climbed 6.3% year-over-year and was up 1.6% month-over-month on a seasonally adjusted basis. While non-seasonally adjusted prices dipped 1.1% from May, they remained 5.