Donald Trump’s proposed new tariffs could cause significant disruption to the automotive industry, with car prices potentially rising according to new data. The automotive sector is expected to be the most affected within US manufacturing if the proposed tariffs are implemented, with research from Oxford Economics suggesting new car prices could jump by 3.7 per cent. The impact comes at a challenging time for carmakers, who are already grappling with shrinking profits due to rising costs of electric vehicle development and increased competition from Chinese manufacturers. European manufacturer…