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.

    • CitizenKong@lemmy.world
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      5 days ago

      But he had the best bankruptcies, beautiful bankruptcies, everbody said say, many woman said “no more bankruptcies, they are too great”, believe me!

    • CosmicTurtle0@lemmy.dbzer0.com
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      5 days ago

      He doesn’t have to. The goal of Trump is simple: exert power. He doesn’t care who gets hurt in the process so long as his base sees him as their God (intentionally using the capital G here).

    • Kecessa@sh.itjust.works
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      5 days ago

      Who was the ex member of his team that said he was in the room when people tried to explain tariffs to Trump and he clearly didn’t understand them, he just likes them based on his misunderstanding of them…

      I’m sure he believes that other countries are paying the tariffs and it’s money going to the US federal coffers…

      • PurpleSkull@lemm.ee
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        5 days ago

        He seems to consider them in a vacuum.

        “Prices rise, but that’s only a temporary problem for plebs refusing to buy American. Once US manufacturing catches up, they will buy American and all is well.”

        That is of course incomplete and ignores the very real problem of manufacturing PARTS and raw resources also being affected. If not by Trumps tariffs, then by retaliatory ones from other countries. It also squashes your own export market. All of that together will leave prospective American factory bosses with a choice: Will they build a factory in the US and deal with higher prices and less customers, or will they build a factory in India, where they can export to every country on this planet (except the US but who cares) and have quick and cheap access to Chinese and Russian raw resources and a cheap labor pool?

    • Trihilis@ani.social
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      5 days ago

      Yeah and the worst part? People will probably still will vote overwhelmingly republican. If you’re gonna be dumb you gotta be tough i guess…