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President Donald Trump said on Saturday that “he could not matter less” if car manufacturers increase prices due to the impact of their next tariffs on foreign manufacturing cars, arguing that the measure will lead to more car purchases produced in the United States.
“I couldn’t matter less if prices increase, because people will start buying cars made in the United States,” Trump told NBC News. “I hope they increase their prices, because if they do, people will buy cars made in the United States. We have a lot.”
The president also said that he did not warn automotive companies against the increase in costs in response to tariffs, which delayed the reports that threats made threats as a way of controlling the price of cars.
Automatic import rates of 25% of Trump: these are the most affected manufacturers
President Donald Trump said “could not matter less” if car manufacturers increase prices due to tariffs. (Win McNamee / Getty images / getty images)
This occurs after Trump announced 25% tariffs on car and foreign manufacturing automobiles, which caused concerns about possible price increases that would affect consumers. Tariffs are part of the president’s efforts to promote American manufacturing, since he has argued that tariffs would lead foreign car producers to transfer production to the US. UU. And boost US jobs.
The tariffs, which are scheduled to enter into force on Wednesday, would be permanent, said the president.
“Absolutely, they are permanent, safe. The world has been cheating to the United States for the last 40 years and more,” Trump said.
Tariffs on foreign manufacturing cars would be permanent, Trump said. (Eastern image through Reuters Connect / Reuters Photos)
“And all we are doing is being fair and, frankly, I am being very generous,” he added.
If taxes are transmitted completely to consumers, the average automatic price in an imported vehicle could increase by $ 12,500, which could affect general inflation, according to Associated Press.
Trump said he would only consider negotiating with countries to reduce tariffs “if people are willing to give us some value.”
Trump’s automotive rates could be a blessing for rental companies
Tariffs are scheduled to enter into force on Wednesday. (Reuters/Yves Herman/File Photo/Reuters Photos)
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Despite the skepticism of economists on rates that benefit the United States and the criticisms of foreign leaders, Trump argues that the United States will enjoy long -term growth as a result.
“For the most part, I think he will take the cars in a place,” Trump told journalists on Wednesday.
Reuters contributed to this report.
