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Donald Trump’s ignorance regarding tariffs is well documented. Trump either doesn’t know that tariffs will work or he is confident that he can bending economic reality by simply changing his mind to pay tariffs.
On Friday, Trump announced on April 2 that he would impose a 25% tariff on automobile imports.
Trump was asked about car rates, he said. Believe it or not, I’m a bit superstitious. No, there was literally a plan for April 1st. I said, let’s do it April 2nd, April. Do you know how much money it costs? It costs just that day, but we’re going to do it on April 2nd, I think. ”
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The US auto industry has already warned that tariffs on automobile imports will puncture the industry.
Ford CEO Jim Farley said this week Tariffs “punch holes in US industry that we have never seen before.”
The automaker fears opposing tariffs as he fears retaliation from Trump and his White House.
The media refuses to cover the tariffs what they are. Auto rates are taxes on car buyers that harm major American industries.
Trump seems determined to defeat the US economy, and unless we all stand up and say no, he won’t stop.
What do you think about Trump’s car rates? Share your thoughts in the comments below.
