Trump reportedly hosted a call in early March with auto CEOs before he made the 25 percent tariffs official this week
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.
Let's do some overly simplistic bad economics just for fun. Let's suppose that the American car companies are not hurt by the tariffs because those only target foreign car companies. Now all the foreign cars are 25% more expensive. This raises the demand for domestic cars. If the domestic car companies are trying to make money, they will jack up their prices 24%. And what are we told? Something about how they have duty to their shareholders? ... Donald is having fun living in his dream world.
I cannot wait for that fat bastard to die. Plenty of much better, useful, kinder, loved, younger people die every day. Why can't we have some fucking justice?
Ugh, I hate this timeline, where a whole lot of people, countries, and organizations are trying to avoid incurring the wrath of a complete dipshit and total baby named donvict.
Don't worry guys, he "saved them" by eliminating subsidies for EVs. That fad is clearly going away, and by gutting the American auto industry's ability to grow their EV market share, we'll clearly be poised for global dominance. Obviously the rest of the world LOVES smog and HATES silent/emissions free vehicles and will FLOCK to ICE cars that are priced the same as Chinese EVs.
So, now when the automotive manufacturers inevitably raise their prices, he can point and whine “but I told them not to, see it’s their fault”. And the foaming masses will blindly follow the pied piper off the cliff, further into fascism. I hate how fucking predictable this is becoming. It’s like a terrible abc sitcom. Only it’s scary real life.
I know at least Subaru has already sent out emails to dealerships to expect prices to increase in April. If you're currently looking into purchasing a new car, better do it sooner rather than later.
Question here, anyone know if Tesla is produced entirely domestic? The Detroit brands all at least have parts and for some models entire production facilities in Canada/Mexico.
Not that he would use government power to so explicitly help his playmate there, just curious...