Summary
Trump warned automakers not to raise prices after announcing a 25% tariff on imported vehicles starting April 3, claiming the tariffs would be “great” and benefit U.S. manufacturing.
Industry leaders, including GM, Ford, and Stellantis CEOs, expressed concerns about inevitable price increases, with experts warning tariffs could add thousands to car costs.
Auto suppliers stated that absorbing tariffs is impossible, and dealers fear affordability challenges for consumers.
While the United Auto Workers union support the move as a job creator, trade groups predict higher prices and fewer manufacturing jobs.
I’m starting to think that this guy might not understand how economies work.
But he had the best bankruptcies, beautiful bankruptcies, everbody said say, many woman said “no more bankruptcies, they are too great”, believe me!
The guy owned casinos that went bankrupt. It takes a special kind of person to do that
Who was the ex member of his team that said he was in the room when people tried to explain tariffs to Trump and he clearly didn’t understand them, he just likes them based on his misunderstanding of them…
I’m sure he believes that other countries are paying the tariffs and it’s money going to the US federal coffers…