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.
Why’s he so utterly obsessed with tariffs? Like he thinks they just fix everything. It’s so stupid.
Usually, it takes Congress to agree on something to raise taxes on the working class. With tariffs, he can do it by himself like a real dictator would.
Keep in mind that Congress delegated that power to the President, and (if they were ever to become vertebrates) they could rescind that power too.
Like those who pull his strings know that tariffs are an effective means of economic sabotage.
In addition to what others have said, he also enjoys the direct power it gives him over corporate leaders. He wants to coerce them into subservience so they have to kiss his ass and be nice to him. Tariffs give him something to hold over their heads.