Trump Tells Auto CEOs Not To Raise Prices Despite 25% Tariff On Imported Cars And Parts

Trump Tells Auto CEOs Not To Raise Prices Despite 25% Tariff On Imported Cars And Parts

President Trump warned auto CEOs not to raise prices during a recent call, according to The Wall Street Journal. The call occurred amid a 25 tariff on all imported vehicles and parts starting April 2. He claimed the tariffs would benefit U.S. manufacturing and eliminate Biden-era EV mandates. Auto executives expressed concern, stating the tariffs will force price hikes of up to 12 by May due to dependency on foreign parts. Trump emphasized tariffs to restore domestic industry, though analysts and CEOs say rising costs are inevitable.


User: Benzinga

Views: 2.3K

Uploaded: 2025-03-28

Duration: 00:37

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