The president did not specify the price amounts or which nations would be targeted
February 14, 2025 at 6:59 PM
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- Trump’s April 2 automotive prices remain blurred, but the industry is based for a potential impact.
- The target nations for the prices remain unpertified and the price amount is uncertain.
- Reciprocal prices in other countries could considerably increase the prices of American cars.
“We want to make cars in Detroit.” This is how Trump justified his latest pricing threats just a few days ago, floating the idea of imposing prices of 50 to 100% on Canadian manufacturing cars. Now he doubles, goes further, but his anger seems so vague that he is not clear where he directs it. Obviously, new prices specifically aimed at the automotive industry should take effect around April 2.
To be fair, Trump could Simply refer to the same rates he mentioned earlier. When an oval office journalist asked, “You mentioned the car rates the other day – when do you plan to implement them?”as Bloomberg reported. Trump replied:
Plus: China slaps additional 10% prices on cars made in the United States
“During the next one, sometimes, perhaps around April 2. I would have done them on April 1, believe it or not. I am a little superstitious. Literally, we had scheduled for April 1 and I said: “Let’s do April 2.” Do you know how much money does it cost? It costs a lot of money – just one day. »»
Then he finished asking an assistant in the room “We will do it on April 2?”, What has the help confirmed the date.
More questions than answers
Despite the announcement, the details remain troubled. Again, we cannot be sure of which Trump price (s) how it will be, or which nations or nations it will be intended. In recent weeks, he has threatened various prices against Mexico, China and Canada. This includes a 25% rate on Mexican imports and Canadians. Initially scheduled for February 1, the president postponed this date to March 4.
Despite this, the response to these threats from industry and leaders’ experts was less than shiny. The UAW was released against the prices and CEO of Ford, Jim Farley, called them unfair. In fact, Farley went so far as to refer that the president’s actions contributed to an environment of chaotic industry.
Now Trump seems determined to adopt “reciprocal” prices, essentially retaluated against what he considers commercial restrictions imposed in the United States by other countries. What it really looks like in practice is the assumption of anyone. As we have repeatedly covered, large prices on imports related to the car from Canada and Mexico could increase prices for cars of thousands of dollars.
Fuck yourself, it’s going to be a long journey.
