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 know at least Subaru has already sent out emails to dealerships to expect prices to increase in April. If you’re currently looking into purchasing a new car, better do it sooner rather than later.
Alternatively, you may wait for things to come crashing down (both interest rates and prices) once we hit the inevitable recession and Trump is forced to face the reality of his moronic policies.
That would imply he’s capable of seeing the error of his ways. He’s not.
Whether he sees the error of his ways or not, he’ll still have to counteract the damage by changing his policies. He’ll blame it on Clinton or whomever, but the result is the same.