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.

  • BedSharkPal@lemmy.ca
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    3 days ago

    Isn’t the narrative that he’s jacking up Tariffs to remove the income tax? Like how it used to be 100 years ago or some shit.

      • kent_eh@lemmy.ca
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        2 days ago

        He’s using the money to pay for the impending wars he’s trying to start.

        Or the wars that he’s going to accidentally start.