Summary
Trump announced a 25% tariff on all imported cars, escalating the global trade war and risking higher car prices for U.S. consumers.
The move follows earlier auto tariffs on Mexico and Canada, which were delayed. The new tariffs could impact over a million U.S. auto industry jobs and disrupt supply chains.
Stock markets reacted negatively, with the Dow falling 130 points and Tesla dropping 5.5%.
Retaliatory tariffs from China, the EU, and Canada have already sparked inflation concerns, with Fed Chair Jerome Powell blaming tariffs for recent price hikes.
“I may give a lot of countries breaks,” Trump told reporters in the Oval Office. “I’m embarrassed to charge them what they’ve charged us.”
Nobody outside of your echo country is dumb enough to believe that.
The trade wars will continue until
moralethe economy improves!Bold move Cotton, let’s see how it turns out for him
Get ready to buy only shitty American Cars!
Now, excuse me while I put it in “H”
Eh, how well do American cars sell overseas?
Not. That is his problem. But it simply is because US cars were never designed to meet non-American customer demands.
