Trump warns companies not to raise car prices..!?

President trump has warned US car companies not to raise car prices domestically, as he has imposed a 25 percent tax on car imports from abroad. trump has imposed a 25 percent tax on cars imported from Canada, India, China, and european countries. This is set to take effect on the 3rd. Major automakers can deal with President Donald Trump's tariffs on U.S. auto imports in a number of ways, but all of them lead to higher prices, fewer choices of models, or limits on features for consumers, industry experts said. trump announced 25% tariffs on car and auto parts on Wednesday, sending global automakers' shares down and raising fears of job losses in big auto-exporting countries.
Due to the increase in import costs, companies that import and sell foreign cars in the united states are planning to increase the prices of cars accordingly. In this context, President trump has warned car companies not to raise domestic sales prices. He said that domestic companies should cooperate with his measures to improve US economic growth. In the long term, US car companies will benefit from the increase in import taxes; domestic production and sales will increase, trump said.
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Sowmiya Sriram

29/03/2025 12:26 PM