It is the second time in as many months that Trump has threatened car prices, only to back down
–>
- When writing these lines, the Trump administration “pauses” on Mexico and Canada cars.
- This decision comes after several contradictory statements by Trump and his administration.
- Now it seems that the three large car manufacturers have something to do with the change in politics.
In what seems to be a 180-degree turn from a declaration made by Donald Trump less than 24 hours ago, the prices focused on the self-axles will not be in force today. According to the spokesperson for the White House, Karoline Leavitt, “we talked to the three major car dealerships. We are going to give a one-month exemption on any auto to travel (the US-Mexico-Canada agreement. ”
Last night, as part of his speech on the state of the Union, Trump contradicted this feeling by saying rather that he had “spoken to the majors today, all three, the best people, and they are so excited (about politicians and prices)”. Obviously, they have not done so and the United States will not promote prices against automobile goods from Mexico or Canada, for the moment.
More: these 47 cars made in Canada and Mexico are about to see major price increases
Just to be clear about what he said as a whole on the automotive industry, here is a complete extract from President Trump’s remarks without edition:
“We are going to have growth in the automotive industry as no one has ever seen. Plants open everywhere. Offers are concluded – never seen. It is a combination of victory and prices of the elections. It’s a beautiful word, right?
This with our other policies will allow our boom automotive industry absolutely. It will explode. Spoke to the majors today, the three, the best people, and they are so excited. In fact, many automotive companies have already announced that they would build massive automotive factories in America, Honda, just announcing a new factory in Indiana, one of the largest in the world. And that has taken place since our great victory on November 5, a date which, we hope, will be one of the most important in the history of our country. »»
According to ReutersTrump then had talks with the CEOs of Stellantis, General Motors and Ford today who proposed to stimulate American investments, but at the same time, “the certainty of pricing policies as well as on the rules of vehicle emissions”. The result of this call was the price break for the moment on car products.
Other prices have entered into force today, including 25% of prices on the goods of Mexico and Canada, and now 20% on the goods of China. On his credit, Trump is right to say that certain companies have announced plans for manufacturing based in the United States since he took office.
Of course, Trump threatened Canada and Mexico with prices from the automotive industry a month ago to postpon them by 30 days. Now he has repeated this behavior once again.
See you here in a month when all of this is inevitably repeated.
