Chump Issues 25% Auto Tariffs - Asks Automakers Not To Raise Prices (LOL)

[HuntersLaptop2028]

all part of the 4D chess MAGA master plan. I was looking to buy a new mid size soon but guess my purchase and investment will have to wait a bit 

 

On Wednesday, Trump announced a 25% tariff on all imported vehicles and parts starting April 2, a move almost certain to force American carmakers to raise prices on customers.   Most automakers depend on parts and materials from other countries to make cars, including vehicles assembled in the U.S.
 

Detroit’s automakers and industry suppliers in particular have made clear there is little they can do but raise prices in the face of tariffs. Bringing more factories back to the U. S.—a tenet of Trump’s tariff strategy—can take years for car companies to make happen. 

“Tariffs, at any level, cannot be offset or absorbed,” Ray Scott, chief executive of parts supplier Lear, wrote in an email Tuesday to employees that was viewed by The Wall Street Journal. “A holistic, industrywide approach will be necessary to mitigate the impact.”
 

For now, dealers have stockpiled a two- to three-month supply of new cars, meaning the impact of the tariffs might not start to be felt until May. At that point, vehicle prices could rise 11% to 12% to offset the tariffs, Morgan Stanley analysts said Thursday in a note. 

When President Trump convened CEOs of some of the country’s top automakers for a call earlier this month, he issued a warning: They better not raise car prices because of tariffs.

 

Trump told the executives that the White House would look unfavorably on such a move, leaving some of them rattled and worried they would face punishment if they increased prices, people with knowledge of the call said. 

[baddog]

5 minutes ago, HuntersLaptop2028 said:

all part of the 4D chess MAGA master plan. I was looking to buy a new mid size soon but guess my purchase and investment will have to wait a bit 

 

On Wednesday, Trump announced a 25% tariff on all imported vehicles and parts starting April 2, a move almost certain to force American carmakers to raise prices on customers.   Most automakers depend on parts and materials from other countries to make cars, including vehicles assembled in the U.S.
 

Detroit’s automakers and industry suppliers in particular have made clear there is little they can do but raise prices in the face of tariffs. Bringing more factories back to the U. S.—a tenet of Trump’s tariff strategy—can take years for car companies to make happen. 

“Tariffs, at any level, cannot be offset or absorbed,” Ray Scott, chief executive of parts supplier Lear, wrote in an email Tuesday to employees that was viewed by The Wall Street Journal. “A holistic, industrywide approach will be necessary to mitigate the impact.”
 

For now, dealers have stockpiled a two- to three-month supply of new cars, meaning the impact of the tariffs might not start to be felt until May. At that point, vehicle prices could rise 11% to 12% to offset the tariffs, Morgan Stanley analysts said Thursday in a note. 

When President Trump convened CEOs of some of the country’s top automakers for a call earlier this month, he issued a warning: They better not raise car prices because of tariffs.

 

Trump told the executives that the White House would look unfavorably on such a move, leaving some of them rattled and worried they would face punishment if they increased prices, people with knowledge of the call said. 

 

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