{"id":16413,"date":"2025-03-30T22:35:55","date_gmt":"2025-03-30T22:35:55","guid":{"rendered":"https:\/\/site.itshrt.com\/worldnews\/trump-says-he-couldnt-care-less-if-auto-tariffs-raise-car-prices-in-the-u-s\/"},"modified":"2025-03-30T22:35:55","modified_gmt":"2025-03-30T22:35:55","slug":"trump-says-he-couldnt-care-less-if-auto-tariffs-raise-car-prices-in-the-u-s","status":"publish","type":"post","link":"https:\/\/site.itshrt.com\/worldnews\/trump-says-he-couldnt-care-less-if-auto-tariffs-raise-car-prices-in-the-u-s\/","title":{"rendered":"Trump Says He \u2018Couldn\u2019t Care Less\u2019 if Auto Tariffs Raise Car Prices in the U.S."},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<\/p>\n<div data-testid=\"companionColumn-0\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">President Trump has said that \u201ctariffs are the greatest thing ever invented.\u201d For someone who once called himself a \u201c<a class=\"css-yywogo\" href=\"https:\/\/x.com\/realDonaldTrump\/status\/1069970500535902208\" title=\"\" rel=\"noopener noreferrer\" target=\"_blank\">tariff man,\u201d<\/a> tariffs are the <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2024\/09\/10\/us\/politics\/trump-enthusiasm-tariffs.html\" title=\"\">solutions to many economic problems<\/a>.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">He has argued that imposing tariffs would protect American factories, spur manufacturing, create new jobs and bend uncooperative governments to his will. Since his inauguration, while imposing and then suspending and then imposing tariffs again, Mr. Trump has upended the <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2025\/03\/13\/business\/economy\/trump-tariff-timeline.html\" title=\"\">global trading system<\/a>.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">But over that time Mr. Trump has also begun conceding that tariffs could cause financial discomfort for Americans. That possibility came up in stark terms in an interview with NBC\u2019s \u201cMeet the Press\u201d from Saturday, when Mr. Trump said that he \u201ccouldn\u2019t care less\u201d about the prospect of higher car prices.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">The president repeated the sentiment twice when asked about the 25 percent tariffs on <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2025\/03\/26\/us\/trump-tariffs-auto-cars.html\" title=\"\">imported cars and auto parts<\/a> that he has promised will go into effect on Thursday. He told the NBC News host Kristen Welker that the tariffs were permanent, and that he would encourage auto companies and their suppliers to move to the United States.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-1\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">In one exchange, Ms. Welker asked Mr. Trump if he was at all concerned with the effect of tariffs on car prices, which experts have said <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2025\/03\/27\/business\/economy\/trump-auto-tariffs-car-prices.html\" title=\"\">could go up by thousands of dollars<\/a>. \u201cNo, I couldn\u2019t care less,\u201d he said, \u201cbecause if the prices on foreign cars go up, they\u2019re going to buy American cars.\u201d<\/p>\n<p class=\"css-at9mc1 evys1bk0\">After the interview, an aide to the president told NBC that Mr. Trump was referring to the increase in foreign car prices.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">While the White House sought to emphasize foreign-made vehicles, the tariffs will affect American companies like Ford Motor and General Motors, which build many of their vehicles in Canada and Mexico. Nearly half of the vehicles sold in the United States are imported, according to <a class=\"css-yywogo\" href=\"https:\/\/www.spglobal.com\/automotive-insights\/en\/rapid-impact-analysis\/us-import-tariffs-will-reset-automotive-value-chain\" title=\"\" rel=\"noopener noreferrer\" target=\"_blank\">S&amp;P Global Mobility data<\/a>, and almost 60 percent of auto parts in cars assembled in the country.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">A study by the <a class=\"css-yywogo\" href=\"https:\/\/budgetlab.yale.edu\/research\/fiscal-economic-and-distributional-effects-25-auto-tariffs\" title=\"\" rel=\"noopener noreferrer\" target=\"_blank\">Yale Budget Lab<\/a>, a nonpartisan research center, forecast that tariffs would cause vehicle prices to increase by an average of 13.5 percent \u2014 an additional $6,400 to the price of an average new 2024 car.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">On Sunday, Shawn Fain, the president of the United Automobile Workers union, said that the tariffs were indeed a \u201cmotivator\u201d for carmakers to bring jobs back to the United States. But, he said on CBS\u2019s \u201cFace the Nation,\u201d they were not an \u201cend-all solution\u201d to help American auto workers. If jobs are being brought back to the United States, Mr. Fain said, they need to be \u201cgood paying union jobs that set standards.\u201d<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-2\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">Peter Navarro, a senior trade adviser to Mr. Trump, defended the tariffs and said they would raise about $100 billion, which would translate to tax credits for people who buy American cars. He, too, told Americans not to worry about the effects of the tariffs.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Instead, he said on Sunday, they should \u201ctrust in Trump.\u201d<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.nytimes.com\/2025\/03\/30\/us\/politics\/trump-auto-tariffs.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Trump has said that \u201ctariffs are the greatest thing ever invented.\u201d For someone who once called himself a \u201ctariff<\/p>\n","protected":false},"author":1,"featured_media":16414,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33],"tags":[754,239,114,5083,1479,877,338,413,5084,1480,113,168,1332,111],"class_list":["post-16413","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-us","tag-canada","tag-customs-tariff","tag-donald-j","tag-fain","tag-ford-motor-co","tag-general-motors","tag-international-trade-and-world-market","tag-mexico","tag-shawn","tag-stellantis-nv","tag-trump","tag-united-states","tag-united-states-economy","tag-united-states-politics-and-government"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Trump Says He \u2018Couldn\u2019t Care Less\u2019 if Auto Tariffs Raise Car 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