President Trump suggested on Monday that he might temporarily exempt the automotive industry. Tariffs he previously imposed on the sector To give automakers time to overhaul their complex supply chains.
Trump said reporters gathered in an oval office. The automaker said it would “need a little time” to move production from Canada, Mexico and elsewhere to the US.
That’s what the supply chain of automakers is It is well interwoven In other countries, it is almost impossible to build a complete vehicle in the US.
Experts say that there are no fully American-made cars, as US automakers source many auto parts from major trading partners, including Canada, Mexico and China.
Trump previously overturned tariff courses, causing a dramatic change in financial markets, increasing the chances of major economists entering a recession this year.
25% tariff on foreign-made carsthe idea that Trump designed to reuse car manufacturing in the US would likely raise car prices in thousands of dollars, experts say.
A typical car price could rise from $5,000 to $10,000 “out of the gate” Due to the new customsaccording to a March 31 estimate from Dan Ives of Wedbush Securities Analyst.
