Trump’s tariffs are ‘a debacle of epic proportions’ for the auto industry.
As domestically produced cars obtain 40–50% of their parts from abroad, “the concept of a US made car with all US parts is a fairy tale fictional narrative.”
“This tariff policy will cause pure chaos to the global auto industry and will ⬆️ the prices of a typical car by $5-10k.” https://www.theverge.com/cars/642706/car-tariff-trump-price-increase-loan-ford-gm-tesla #press #tariffs
As domestically produced cars obtain 40–50% of their parts from abroad, “the concept of a US made car with all US parts is a fairy tale fictional narrative.”
“This tariff policy will cause pure chaos to the global auto industry and will ⬆️ the prices of a typical car by $5-10k.” https://www.theverge.com/cars/642706/car-tariff-trump-price-increase-loan-ford-gm-tesla #press #tariffs
Trump’s tariffs are ‘a debacle of epic proportions’ for the auto industry
The auto industry is in panic mode after President Trump’s 25 percent tariffs in effect. Experts are predicting higher prices out of the gate.Andrew J. Hawkins (The Verge)
