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.

  • ripcord@lemmy.world
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    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
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      3 days ago

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