President Trump downplayed concerns that his forthcoming round of 25% tariffs on all foreign-made vehicles will cause prices on those automobiles to spike, arguing that it will be a boon for American-made autos.
Last week, Trump announced plans to slap 25% tariffs against vehicles made outside the US as part of his “Liberation Day” push on April 2, in which he intends to pursue a raft of “reciprocal” tariffs.
“No, I couldn’t care less, because if the prices on foreign cars go up, they’re going to buy American cars,” Trump told NBC News in a phone interview.
A Trump aide later clarified that the president’s comments brushing aside price hikes were specific to foreign-made vehicles. The auto tariff is set to go fully into effect on April 3.
Me either, buy American, your job depends on it