Experts warn that President Trump's recently announced tariffs of 25% on all imported cars and auto parts may harm the US automotive industry by increasing prices, reducing demand, and impacting jobs. The shift towards protectionist policies marks a significant deviation from America's long-standing commitment to free trade. Despite some manufacturers planning to increase production in the US, the loss of cost advantages from overseas manufacturing could lead to higher prices for consumers, complicating the supposed benefits of tariffs.
"Trump's policies are protectionist and not free market and free trade the way that the US has done [things] for decades. Now that's shifting."
"While that gives the impression that Trump is right to argue tariffs will force manufacturers to produce more in the US, the full picture is more complicated."
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