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.
Thanks for this detailed analysis.
As for my comment, it was from an extremely simplistic reasoning (that you could call borderline dumb but probably not neoliberal 🤣).
My reasoning was that, if their costs goes up (because of tariffs) and they have to sell at the same price, so, making a loss on every sell, eventually, they would go bankrupt.