Recently, Trump stated that he doesn't mind price hikes due to tariffs, implying consumers would favor American-made cars instead. He indicated that U.S. manufacturers would profit without tariffs, yet he seemed unaware that major cars, including Teslas, have parts sourced from overseas. Trump's tariff strategy, which he claims will be permanent, is expected to raise vehicle prices significantly, with analysts uncertain of the precise cost increase. His past inconsistencies on tariffs raise skepticism about their long-term implementation and impact on the auto industry.
No, I never said that. I couldn't care less if they raise prices, because people are going to start buying American-made cars.
The message is congratulations, if you make your car in the United States, you're going to make a lot of money.
Trump also told NBC that his tariffs will be permanent, although in the past we have seen the president flip-flop on such matters.
Analysts are still trying to reach consensus on how much the Trump tariff will add to the prices of domestic and imported cars.
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