Recently, Scott Lincicome, vice president of economics at the Cato Institute, said tariffs will not only lead to price increases but could even cause certain products to disappear entirely from the U.S. market, particularly low-end products with thin profit margins and high price sensitivity among consumers. He further explained that low-end imported cars make no sense under the new 25 percent tariff, noting that a $20,000 car would lose its market if the tariff adds $5,000 to its price.