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.
Trump is not nearly as smart as people seem to think he is.
I 100% guarantee you that someone in his inner circle has convinced him that tariffs fix everything and it’s now the entirety of his economic playbook.
It also hurts America and alienates us from our allies, which is what his puppet master wants, so two birds/one stone.