President Donald Trump He said 25 percent Tariffs He imposed the imported cars “Permanent”, and “he could not care less” if the executive car companies run prices on vehicles for them.
The new import tax on vehicles will be considered the highest at the end of the lower price market and could disproportionate to the Trump Working Class and Rural Base, According to Reuters.
In a telephone interview with Kristen Welker NBC News, The Meet the press The moderator asked whether the tariffs were “genuinely permanent”, which the president answered: “They are absolutely permanent, safe. The world dropped from the United States for the last 40 years and more and more, I am very generous … very generous.”
He was questioned about what his message is the director of the car, Trump said, “If you make your car in the United States, do a lot of money. If you don’t have to come to the United States, there is no tariff in the United States.”
Welker noted that this reported Trump warned Auto General Directors not to ask prices. The president said, “No, I never said that. I couldn’t worry less if they increase prices, because people will start buying American cars.”
He added: “I wouldn’t worry less. I hope he raise prices because if they do, people will buy US cars. We have enough.”
Welker asked Trump to confirm the point, which he replied, “No, I couldn’t worry less, because if prices on foreign cars are going to buy American cars.”
However, Reuters reports that almost all low-cost new cars and trucks that are sold in the United States, which means that the greatest influence of the new chairman will be on customers with more revenues, many of whom voted for him.
They will face extra break from the expected increases of cars used due to increasing demand and puzzles while people turn from new vehicles with higher prices.
New cars prices under $ 30,000 become all rare because the average new vehicle price near $ 50,000. The only way the cars can be earned on economical cars, producing them in countries with lower production costs – so that they will harder to hit them with any new import tax.
Detroit Automakers General Motors, Fordand stellantis abolished most of the inlet models in recent years to concentrate on very profitable, senior trucks and Suvs. This section almost left the economic vehicle market fully on Asian producers.
Reuters Overview of two car research companies have found only 16 models with an average label price below $ 30,000, and only one, Toyota‘S Corolla is composed in the United States. All others are manufactured in Mexico, South Korea or Japan.
Under the model from $ 30,000 constructed Nissan, Mazda, Hyundai, WheneverToyota, Subaruand Volkswagen are almost built in Mexico or South Korea, while Honda Builds citizensk in Canada and USA
Ford makes its least expensive models, compact Maverick truck and bronco sports and medium in size, in Mexico. It’s the same for JeepThe most affordable model, compass.
Three vehicles from GM prices under $ 30,000 – Buick Envista, Chevrolet Trax and Trailblazer – are produced in South Korea. GM also produces hundreds of thousands of their best-selling trucks in Mexico.
The imposition of 25 percent tariffs on these shorter cars can lead to increasing prices that make them unattractive to their target market or request some car manufacturers to leave them entirely, industrial analysts.
The growing cost of new vehicles will buy on a used car market, there riding prices. Given that many parts are produced in abroad Repair, maintenance or insurance of an existing vehicle will receive more expensive.
As a large share of the pag political bases, it is inclined to lower incomes, rural supporters provided in more accessible cars and trucks, they can feel the disproportionate impact. About half of the household incomes under $ 50,000 per year supported Trump’s prospects 2024, along with 56% voters who do not have a college degree, according to research research.
The Trump argument is that in the course of view and the tariffs will cause to enforce in the American car industry despite the profitability of many vehicles of the lower ends that are destined where jobs where jobs are on which job sites are.
Furthermore, some experts claim that high taxes import can lead to the opposite effect on the car industry, because people delay large purchases or reduce unnecessary consumption in facing higher prices and used vehicles.