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.

  • rumba@lemmy.zip
    link
    fedilink
    English
    arrow-up
    4
    arrow-down
    1
    ·
    5 days ago

    It’s not just irony he has no knowledge of history. He know that Reagan said that. All he knows is that Reagan has an R beside his name and maybe possibly the words trickle down economics.

    • ripcord@lemmy.world
      link
      fedilink
      arrow-up
      5
      arrow-down
      2
      ·
      5 days ago

      He know that Reagan said that.

      Since we’re talking about Trump I am 100% confident you are wrong on that.

      He doesn’t care about R, just ego.

      Reagan also never used the words trickle down economics. Nor would pretty.much anyone Trump talks to. He wouldn’t associate Reagan with that either.

      • Libra00@lemmy.world
        link
        fedilink
        English
        arrow-up
        1
        ·
        3 days ago

        I’m going to guess from context that they meant to write ‘doesn’t know’, but…