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Trump Tells Auto CEOs Not To Raise Prices Despite 25%
Published : 28-03-2025 - Duration : 00:37 - View : 2,109
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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.
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