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.
Keep this up and we might even get to see America starting a state-run car company. This’ll be great to watch. 🍿
Yeah, but instead of getting Volkswagen or Lada, we’ll get
Tesla, or more likely Trump Cars (shudders)
A cyber truck with a bad blonde toupee?