Trump’s Comments on Car Tariffs and Rising Prices
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CNN |
“I couldn’t care less if they raise prices, because people are going to start buying American cars.”
Wall Street Journal |
In an interview with NBC News on Saturday, Trump said a new 25% tariff on all imported vehicles and parts starting this week would make foreign cars more expensive and bolster sales of U.S. vehicles.
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President Donald Trump's major tariffs against Canada and Mexico are scheduled to take effect in just a few more days. Plus, a new tariff against foreign cars is in play as well.
41mon MSN
China’s technology stocks fell into correction territory after purported profit taking by investors and trade war uncertainties.
Analysts estimate that the tariffs will significantly increase the prices of new vehicles, adding a few thousand dollars for entry-level models to $10,000 or more for high-end cars and trucks. Higher prices for new vehicles are also likely to nudge used-car prices higher.
Industry dealers and analysts are reacting to the news of Trump's 25% tariffs on imported vehicles saying it will dramatically raise costs for all.
In his latest move in the global trade war, U.S. President Donald Trump announced a 25% tariff on “all cars not made in the U.S.,” rattling auto stocks.
Trump has continued to tell his advisers that he wants to keep increasing trade measures, and in recent days, he has brought back the idea of a universal tariff that would apply t
The president said he “couldn’t care less” if automakers rose prices in response to planned tariffs, reasoning that buyers would choose U.S.-made cars over foreign brands.
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