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.
Let’s be clear about it: he’s absolutely worthless at it.
And to those who adhere to the lazy “Trump is always transactional” pseudo-explanation: Trump is never transactional when it comes to Putin. The words you’re looking for in that case are “consistently, predictably servile.” And I wouldn’t call his multiple divide-and-rule extortion schemes “negotiations” either. He’s just seeing how much he can get away by strong-arming weaker nations or organisations.