Donald Trump, Car Prices
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Newsweek |
The newly announced tariffs are designed to redirect auto production to the U.S. by financially penalizing imports.
Forbes |
Speaking to reporters onboard Air Force One on Sunday, Trump suggested there will be no exceptions when it comes to his reciprocal tariffs.
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The Trump administration argues tariffs will help it rebuild an industrial base the U.S. squandered over decades through the wrong trade policies.
Brittany Humphries and her husband Jon Bassford are what sales people at car dealerships might call motivated buyers. The couple, who live in suburban Maryland outside Washington, DC, moved swiftly to lock in purchases this year to avoid the risk of paying thousands of dollars more once Trump administration policies on electric vehicles and tariffs fully kick in.
President Trump’s impending “reciprocal tariffs” on many US trading partners scheduled to take effect April 2 have “no exemptions at this time,” White House press secretary Karoline Leavitt said Monday.
1don MSN
Donald Trump has told NBC News that he “couldn’t care less” if automakers raise their prices in response to his new tariffs on imported cars, which he also says are “permanent.”The president told Kristen Welker in a phone interview that he believed it would encourage people to buy American-made vehicles.
The Canadian Press on MSN3h
White House says 'no exemptions' as Canada braces for new wave of U.S. tariffsWhite House Press Secretary Karoline Leavitt said Monday there will be "no exemptions" to U.S. President Donald Trump’s latest moves to upend global trade this week and it remains unclear just what duties will fall on Canada.
Peter Navarro’s remarks suggest Trump is preparing dramatic new tariff measures for Wednesday, which the president has referred to as “Liberation Day.”
Between plans for a 25% auto tariff and a proposal for tax-deductible interest on loans for American-made cars, President Donald Trump is hoping to encourage automakers to produce their vehicles in the U.
Some analysts have warned that Trump's import charges could lead to the temporary shutdown of some US car production, with increased prices passed onto consumers. But the US president told NBC News on Saturday that he hoped foreign carmakers will raise prices as it meant "people are gonna buy American-made cars - we have plenty".