Trump, tariff and auto prices
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Fain said Sunday that President Trump’s looming 25% tariff on foreign-made cars could swiftly boost American manufacturing jobs.
From New York Post
Most economic analyses say average U.S. families would have to absorb the cost of his tariffs in the form of higher prices and lower incomes.
From U.S. News & World Report
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To hear President Donald Trump tell it, the world is full of crafty foreigners who use “unfair” tariffs and other trade barriers to steal jobs and wealth from hapless Americans. But foreigners have their own complaints about the United States.
President Donald Trump says Wednesday will be “Liberation Day" — a moment when he plans to roll out a set of tariffs that he promises will free the United States from foreign goods. The details of Trump's next round of import taxes are still sketchy.
German Chancellor Olaf Scholz has pledged a strong EU response to President Trump's proposed tariffs, particularly the 25% levy on auto imports. While emphasizing readiness for compromise and cooperation,
7hon MSN
U.S. President Donald Trump says he'll impose sweeping global tariffs on Wednesday, but New Brunswick Premier Susan Holt says Prime Minister Mark Carney told provincial and territorial leaders that Canada is expected to sustain less damage than other trading partners.
The president said he “couldn’t care less” if automakers rose prices in response to planned tariffs, reasoning that buyers would choose U.S.-made cars over foreign brands.
ABC News' Phil Lipoff speaks with UCLA School of Law's Kimberly Clausing on the impacts these tariffs could have on Americans.