Let’s see. Foreign cars start costing 20% more, so why wouldn’t American carmakers raise prices by 19% just to be cheaper and make more money. In other words, all prices go up (not necissarily by the same amount, but still up)
American cars are going to go up in price even without profit maximizing (which they’ll obviously also do). It’s a global supply chain. Infotainment screens and other parts aren’t made in America. Foreign manufacturers already produce cars in the U.S.
Let’s see. Foreign cars start costing 20% more, so why wouldn’t American carmakers raise prices by 19% just to be cheaper and make more money. In other words, all prices go up (not necissarily by the same amount, but still up)
American cars are going to go up in price even without profit maximizing (which they’ll obviously also do). It’s a global supply chain. Infotainment screens and other parts aren’t made in America. Foreign manufacturers already produce cars in the U.S.
And as a matter of fact, “foreign” company vehicles by the likes of Honda and Toyota are the MOST American made cars by parts origin.
You’d think the world’s shrewdest businessman would have a better handle on this. /s
He has a very clear handle on this. He’s going to siphon the money made on tariffs to him and his cronies through some form of subsidy.
And contracts. Pretty soon all law enforcement vehicles will be required to be Teslas.