Trump warned automakers not to raise prices after his tariffs and be happy how ‘great’ they are

President Donald Trump has warned top car manufacturers not to raise their prices in response to his 25 percent tariffs on imports announced this week, reports.

The president offered a call with CEOs of the car manufacturer in early March and indicated that the rates would be ‘big’ Wall Street Journal reported. Experts of the automotive industry have warned that the rates are at risk for US consumers to pay “thousands” of dollars more for vehicles.

CEO’s Mary Barra of General Motors, John Elkann van Stellantis, and Ford’s Jim Farley were on the call, the New York Times reported earlier this month.

“Trump said they should be grateful for his elimination of what he called former President Joe Biden’s mandate for electric vehicles,” Journal said of the call.

The president also “made a long pitch” on how US car manufacturers would benefit from the sturdy rates, two people on the call to the outlet said. Trump said he was bringing “manufacturing back to the US and was better for their industry than previous presidents,” they added.

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“President Trump has been unequivocally clear about the need to restore American greatness for decades. America can not only be a meeting of foreign-made parts-We must become a manufacturing power that dominates every step of the supply chain of industries that is of critical importance to our national security and economic interests,” said Kush Desai, Withuis spokesman Kush Desai. The independent. “The Trump administration is committed to gaining this vision with a US first agenda of rates, deregulation, the discharge of US energy and tax cuts,” Desai added.

In the latest escalation of Trump’s trade war, Trump confirmed the levy duties of 25 percent over all imports of fully meeting vehicles starting from April 3. “I think our car business will thrive as it has never flourished,” the president said on Wednesday, adding that he plans that the rates would be until the end of his term in 2029.

Car suppliers in Detroit, synonymous with the auto industry in America, warned that they would have to raise prices as a result of the rates. “Rates cannot be reimbursed or recorded at any level,” Ray Scott, CEO of supplier Lear, told staff in ‘Ne -mail this week by the Journal. “A holistic, industry approach will be needed to reduce the impact,” Scott said.

US Automotive Policy Council, representing General Motors and Ford, said US car manufacturers are ‘committed’ to Trump’s vision of raising work in the US in a supporting statement. It added that it is “critical that rates be implemented in a way that raises prices for consumers.”

Talk to the Journalsaid the president of the Council Matt Blunt said it was “difficult to see how imposed rates would not have an impact on prices over time.”

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Other organizations reflect Blunt’s concern.

“For car dealers and their customers, who are already from rising vehicle and parts prices, as well as high interest rates and insurance costs, these new rates are an additional and unwelcome challenge for affordability,” said Cody Lusk, president and CEO of American International Automobile Dealers.

Lusk said the rates would also put extra pressure on the wallets of American families. “Rates can contribute directly to thousands of extra dollars to squatter prices,” Lusk added.

Mike Stanton, president of the National Auto Dealers Association, said: ‘Rates on US trading partners, which are essential for our motor vehicles supply chains, will make it more difficult to afford the new vehicles of their choice.

‘The rates imposed today will make it more expensive to produce and sell cars in the United States, which eventually lead to higher prices, fewer options for consumers, and fewer manufacturing opportunities in the US,’ Jennifer Safavian, president and CEO of Autos Drive America, who represents foreign car manufacturers such as Honda and Toyota.

The United Auto Workers Union welcomed the rates and said they would push manufacturers to invest more in the US and create more work.

“These rates are an important step in the right direction for Outoworkers and blue -collar communities across the country, and it is now on the car manufacturers, from the Big Three to Volkswagen and beyond, to bring good trade union work to the US,” the president of the Shawn Fain trade union said in a statement.