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.
How great would it be if he somehow accidentally killed car dealerships
It will kill more than just dealerships. Imagine being any company operating in the US and the president threatening other companies for not paying the tariffs he is imposing. Imagine the investor confidence imploding and companies refusing to operate and close doors because they are not willing to pay for a stupid president destroying their profits. Companies have a fiscal responsibility to their shareholders, and this won’t be tolerated.
I thought China was paying the tariffs?
/s
Fuckcars is delighted
Sneaky carbon tax lol