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.
I mean we (anyone who has observed reality or knows history) already knew that. The poster above probably thought “tariffs = foreigner disadvantage”. There’s not really such a thing as a US-only car company so there is no advantage whatsoever to be gained- it’s inevitable that these US car companies have global supply chains to take advantage of specialization, not to mention labor and parts only made overseas. Even if you could bring everything inhouse, everything would more expensive. There is no “more cars for less money” because not only do we not have all the parts manufactured in the US (meaning we’re forced to import), but labor is more expensive. It’s all a waste of time and resources