Maria Bartiromo expressed frustration over the impact of President Trump's tariffs on the auto industry, specifically noting a dealer's report of skyrocketing truck prices. An $80,000 truck has surged to $100,000 due to a 25% tariff on imports from Mexico and Canada, prompting concerns over inventory stagnation. Fox Business reporter Jeff Flock highlighted that not only vehicles are affected but also parts that cross the border. Bartiromo questioned the low global presence of Dodge Rams and suggested that domestic manufacturing could be a solution as the tariffs take effect.
The tariffs imposed by President Trump are causing dramatic price increases in the auto industry, making it difficult for dealers to sell vehicles.
The tariffs have led to a $20,000 price increase on a truck, significantly impacting sales and inventory for dealerships.
Maria Bartiromo questioned why Dodge Rams are not popular in foreign markets, implying that domestic production could be a solution for the tariffs.
Dealership owner David Kelleher expressed frustration, noting that the auto industry is not equipped to handle such abrupt and drastic shifts.
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