Panelists Ben Levison, Jackack Huff and Megan Leonard crash three threads Investors should be aware of the “round table of baron”.
President Donald Trump On Saturday he said “he could not worry less” if car makers raised prices due to the impact of his upcoming tariffs on external cars, claiming the move would lead to more US car purchases.
“I couldn’t worry less if they raise prices, because people would start buying cars made by America,” Trump told NBC News. “I hope they raise their prices, because if they do, people will buy cars made of America. We have a lot.”
The president also said he had not warned car companies not to increase costs in response to tariffs – to withdraw reports that he had made the threats as a way to control car prices.
25% Trump Car Import Tariffs: These are the most suitable manufacturers
President Donald Trump said he “can’t worry less” if carmakers raise prices as a result of tariffs. (Beat pictures of McNim / Getty / Getty pictures)
This comes after Trump announced 25% of foreign car tariffs and Auto partsCausing concern about potential price increases that will affect consumers. Tariffs are part of the president’s efforts to promote US production, as he claims tariffs will make foreign carmakers move production to the United States and strengthen US jobs.
The tariffs, which should take effect on Wednesday, would be constant, the president said.
“Absolutely, they are constant, confident. The world is tearing the United States in the last 40 years and more,” Trump said.
Foreign car tariffs would be permanent, Trump said. (Oriental image via Reuters Connect / Reuters Photos)
“And all we do is be fair, and honestly, I’m very generous,” he added.
If taxes are fully transferred to consumers, the average price of automatic vehicle can rise by $ 12,500, which can affect overall inflation, according to the Associated Press.
Trump said he would only consider negotiating with countries to reduce tariffs “if people are ready to give us something of great value”.
Trump’s automatic tariffs could be benefits to rent cars companies
Tariffs should take effect on Wednesday. (Reuters/Yves Herman/File Photo/Photos by Reuters)
Get the fox business on the go by clicking here
Despite Skepticism by economists For tariffs that use America and criticism from foreign leaders, Trump claims the United States will enjoy long -term growth as a result.
“For the most part, I think they will run the cars to be made at one location,” Trump told reporters on Wednesday.
Reuters contributed to this report.
Source link
