Hey internet… what car brands paid for this presidency?
… Several major automakers have donated $1 million each to President-elect Donald Trump’s inauguration fund. These include:
- Ford Motor Co.
- General Motors
- Toyota
- Hyundai Motor
- Stellantis
I’d think that prices should increase by much more than just 25%. You’d have raw materials, unfinished goods and subassemblies crossing the borders multiple times before the car is finished.
I read yesterday that aluminium crosses borders about six times before it becomes part of a motor block.
- Automakers will use tariffs as an excuse to raise prices 25%
Yeah, what did everyone think was gonna happen? Did you think the Mexican government, the Chinese government, was gonna cover the tariff? Because we’re special? Lol
Is it really “just an excuse”? Aluminium and steel are now tariffed at 25% from across the world. If these are the main raw materials for cars, what else should the automakers do?
Good. People need to buy fewer cars.
I challenge you to try to live without a car anywhere outside of the NE. Cities just aren’t built for it and you can’t just redesign them overnight. Take the Texas Triangle for example, 21 million people and it’s extremely sprawling. Bus service in a lot of places are lacking and will take you 40-60 minutes at a minimum. You just plain can’t survive in a lot of places. So what will raising car prices 25% do except put much more of a burden on the people who actually need it.
There are still plenty of existing cars, and cities are constantly changing and renewing themselves. This would be one of the gentler ways of transitioning over time to a better, car-light future by adjusting individual incentives.
