753
submitted 1 year ago* (last edited 1 year ago) by MicroWave@lemmy.world to c/news@lemmy.world

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.

(page 2) 50 comments
sorted by: hot top new old
[-] boonhet@lemm.ee 16 points 1 year ago

Holy shit everyone was right and he doesn't understand how tariffs work

[-] crystalmerchant@lemmy.world 15 points 1 year ago

Capitalism at work, shithead. Get fucked

[-] Kolanaki@pawb.social 13 points 1 year ago* (last edited 1 year ago)

At this point, I am surprised he hasn't ordered the treasury department to just mint more cash.

[-] Neverbeaten@lemmy.world 15 points 1 year ago

That will come. He’ll also stop payments on Treasury Bonds. Not paying agreed upon obligations is his MO in business.

load more comments (1 replies)
[-] snekerpimp@lemmy.world 12 points 1 year ago

So, now when the automotive manufacturers inevitably raise their prices, he can point and whine “but I told them not to, see it’s their fault”. And the foaming masses will blindly follow the pied piper off the cliff, further into fascism. I hate how fucking predictable this is becoming. It’s like a terrible abc sitcom. Only it’s scary real life.

[-] magnetosphere@fedia.io 11 points 1 year ago

Be sure not to offset the costs by eliminating executive raises and bonuses, or by trimming their ridiculously large salaries! Those are sacrosanct!

[-] SulaymanF@lemmy.world 11 points 1 year ago

There’s no way for carmakers to absorb tariffs AND increase jobs with the reduced revenue.

load more comments (2 replies)
[-] shittydwarf@lemmy.dbzer0.com 10 points 1 year ago

The man simply does not know what a tariff is, and is doing this because otherwise Putin releases the tapes. Its simple

[-] dual_sport_dork@lemmy.world 9 points 1 year ago

If I were him I'd just let Putin release the damn tapes, since it seems impossible that anything could actually damage his image with his rabid followers anyway.

But that'd require one functioning brain cell, and if he had that we probably wouldn't be in this position now to begin with.

load more comments (3 replies)
[-] vodkasolution@feddit.it 9 points 1 year ago

"The price is the same as last year's but today's model comes with x, y, z optionals that make the price go that high"

[-] mindaika@lemmy.dbzer0.com 11 points 1 year ago

Options include: wheels, seats, and paint

load more comments (1 replies)
[-] leaky_shower_thought@feddit.nl 9 points 1 year ago

claiming the tariffs would be “great” and benefit U.S. manufacturing

would be wild to get his elevator pitch in this. lol. without saying "trade war" and bigly fear mongering.

[-] foggy@lemmy.world 8 points 1 year ago

Okay so puts on American auto makers????

Lmao

I'll wait for them to miss the ring.

load more comments
view more: ‹ prev next ›
this post was submitted on 28 Mar 2025
753 points (98.8% liked)

News

37365 readers
2253 users here now

Welcome to the News community!

Rules:

1. Be civil


Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.


Obvious biased sources will be removed at the mods’ discretion. Supporting links can be added in comments or posted separately but not to the post body. Sources may be checked for reliability using Wikipedia, MBFC, AdFontes, GroundNews, etc.


3. No bots, spam or self-promotion.


Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source. Clickbait titles may be removed.


Posts which titles don’t match the source may be removed. If the site changed their headline, we may ask you to update the post title. Clickbait titles use hyperbolic language and do not accurately describe the article content. When necessary, post titles may be edited, clearly marked with [brackets], but may never be used to editorialize or comment on the content.


5. Only recent news is allowed.


Posts must be news from the most recent 30 days.


6. All posts must be news articles.


No opinion pieces, Listicles, editorials, videos, blogs, press releases, or celebrity gossip will be allowed. All posts will be judged on a case-by-case basis. Mods may use discretion to pre-approve videos or press releases from highly credible sources that provide unique, newsworthy content not available or possible in another format.


7. No duplicate posts.


If an article has already been posted, it will be removed. Different articles reporting on the same subject are permitted. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.


Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners or news aggregators.


All posts must link to original article sources. You may include archival links in the post description. News aggregators such as Yahoo, Google, Hacker News, etc. should be avoided in favor of the original source link. Newswire services such as AP, Reuters, or AFP, are frequently republished and may be shared from other credible sources.


10. Don't copy entire article in your post body


For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 2 years ago
MODERATORS