Trump warned the car manufacturers not to increase prices after his rates and be happy how “big” they are
President Donald Trump The best car manufacturers not to increase prices in response Its 25 % rates on imports were announced this week, According to relationships.
The president hosted a call with the CEO of the car manufacturer in early March e advertised the rates it would be “fantastic”, the Wall Street Journal reports. The experts in the automotive sector have warned that the rates risk American consumers who have to pay “thousands” of dollars for vehicles.
The CEO Mary Barra of General Motors, John Elkann of Stellantis and Jim Farley from Ford were on call, New York Times reported at the beginning of this month.
“Trump said they should be grateful for his elimination of what he called former president Joe Biden’s Electric vehicle mandate “, the Diary said of the call.
The president “also made a long shot” on how the car manufacturers would have benefited from the strong rates, two people said to the call. Trump said he was “reporting production in the United States and was better for their sector than previous presidents,” they added.
“President Trump has been unequivocally clear for decades about the need to restore American size. America cannot be only a assembly of foreign manufacture parts-we have a manufacturing power that dominates each phase of the industrial supply chain that are fundamental for our national security and economic interests,” said the spokesman for the White House Kush Desai a The Independent. “The Trump administration is committed to creating this vision with a first American agenda of rates, deregulation, burglary of American energy and tax cuts,” added Desai.
In the Last escalation of the Trump commercial warTrump confirmed the homework of the Levy of 25 percent above all imports of vehicles completely assembled from April 3. “I think our automotive activity will prosper as if it were never flourished before,” said the president Wednesday, adding that the rates are underway until the end of his mandate in 2029.
Car suppliers in Detroit, synonymous with America Car industryHe warned that they will have to increase prices due to rates. “Rates, at any level, cannot be compensated or absorbed,” said Ray Scott, CEO of the supplier Lear, in one and -mail to the staff this week seen by Diary. “A holistic and industrial approach will need to mitigate the impact,” said Scott.
The American Automotive Policy Council, which represents General Motors and Ford, said that US car manufacturers are “busy” for the vision of Trump to increase jobs in the United States in A Support declaration. He added that “it was essential that the rates were implemented in order to avoid increasing prices for consumers”.
Speaking with the DiaryMatt Blunt, the Prime Minister, said that “it is difficult to see how the rates imposed over time would not have had an impact on prices”.
Other organizations echoed Bleunt’s concern.
“For car retailers and their customers, already returning from the increase in the prices of vehicles and parties, as well as high interest rates and insurance costs, these new rates represent an additional and unwelcome challenge to convenience,” said the President and CEO of American International Automobile Dealers Association Cody Lusk.
Lusk said the rates will also put greater pressure on the portfolios of American families. “The rates could contribute directly to thousands of dollars more on the prices of the stickers,” added Lusk.
“Rates on US commercial partners, Which are fundamental for our automotive supply chains, it would make more difficult for medium Americans to afford the new vehicles of their choice, “said Mike Stanton, president of the National Auto Dealers Association.
“The tariffs imposed today will make more expensive to produce and sell cars in the United States, at the end at the end at higher prices, less options for consumers and less production jobs in the United States”, made a note to Jennifer, president and CEO of Autos Drive America, which represents foreign car manufacturers
The United Authed World Union welcomed the rates and said they would push the producers to invest more in the United States and create more jobs.
“These rates are an important step in the right direction for Autoworkers and the Blue Collants Communities across the country, and is now on the car manufacturers, from the three large to Volkswagen and beyond, to bring good union jobs in the United States,” said the president of the Union Shawn Fain.
