No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Sunday, October 26, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

Trump says auto tariffs are permanent and doesn’t care if they cause carmakers to hike prices — ‘I hope they raise their prices’

by TheAdviserMagazine
7 months ago
in Business
Reading Time: 2 mins read
A A
Trump says auto tariffs are permanent and doesn’t care if they cause carmakers to hike prices — ‘I hope they raise their prices’
Share on FacebookShare on TwitterShare on LInkedIn



President Donald Trump shrugged off concerns that his auto tariffs will cause carmakers to raise prices, saying he couldn’t care less if they do. In an interview with NBC News, he added that, “I hope they raise their prices, because if they do, people are gonna buy American-made cars.” But even cars assembled in the US have foreign-made parts.

President Donald Trump said his new auto tariffs are permanent and shrugged off concerns that they will cause carmakers to raise prices.

In an interview with NBC News on Saturday, he was asked about a recent Wall Street Journal report that said he warned auto CEOs not to hike prices while discussing tariffs with them.

“No, I never said that. I couldn’t care less if they raise prices, because people are going to start buying American-made cars,” Trump replied.

He added, “I couldn’t care less. I hope they raise their prices, because if they do, people are gonna buy American-made cars. We have plenty.”

Trump later said if prices on foreign cars go up, then consumers will buy American cars.

He also confirmed the tariffs are here to stay, saying, “Absolutely, they’re permanent, sure. The world has been ripping off the United States for the last 40 years and more. And all we’re doing is being fair, and frankly, I’m being very generous.”

Foreign-made auto parts would also be hit with a 25% tariff, but vehicles and parts imported under the US-Mexico-Canada Agreement trade deal will not see duties until the government establishes a process for imposing them, the White House has said.

US and foreign automakers have closely integrated supply chains that span North America. During the manufacturing process, cars and parts can cross between the US, Mexico and Canada multiple times.

Wedbush Securities analyst Dan Ives has estimated that cars could go up by $5,000 to $10,000 because of the auto tariffs, depending on whether a vehicle is a mass-market or premium brand.

“Every automaker in the world will have to raise prices in some form selling into the U.S., and the supply-chain logistics of this tariff announcement heard around the world is hard to even put our arms around at this moment,” he wrote in a research note on Friday.

While the White House has said tariffs are meant to revitalize the US industrial base, Ives is skeptical that car manufacturing can be completely reshored.

That’s because even cars built in America come equipped with foreign-made parts and components that constitute 40% to 50% of their value. 

“A U.S. car with all U.S. parts made in the U.S. is a fictional tale not even possible today,” he added.

This story was originally featured on Fortune.com



Source link

Tags: AutoCarecarmakersDoesnthikehopePermanentPricesraiseTariffsTrump
ShareTweetShare
Previous Post

Is Alphabet Inc. (GOOGL) the Top Growth Stock in David Tepper’s Portfolio?

Next Post

Listing an altcoin traps exchanges on ‘forever hamster wheel’ — River CEO

Related Posts

edit post
‘The Bermuda Triangle of Talent’: 27-year-old Oxford grad turned down McKinsey and Morgan Stanley to find out why Gen Z’s smartest keep selling out

‘The Bermuda Triangle of Talent’: 27-year-old Oxford grad turned down McKinsey and Morgan Stanley to find out why Gen Z’s smartest keep selling out

by TheAdviserMagazine
October 26, 2025
0

The vice-chancellor stood at the podium in Oxford’s Sheldonian Theatre, her voice echoing against the carved ceiling: Now go out...

edit post
Metals on fire: What’s driving the unstoppable rally in copper, aluminium, and zinc

Metals on fire: What’s driving the unstoppable rally in copper, aluminium, and zinc

by TheAdviserMagazine
October 26, 2025
0

Base metal prices have witnessed a remarkable rally over the past few weeks, with copper, aluminium, and zinc leading the...

edit post
American Airlines to resume Israel – US flights

American Airlines to resume Israel – US flights

by TheAdviserMagazine
October 26, 2025
0

For the first time since the start of the war on October 7, 2023 American Airlines has announced that...

edit post
Real-world ‘Avatar’ in Kenya: Sacred hill turns into a rare-earth battleground for US and China

Real-world ‘Avatar’ in Kenya: Sacred hill turns into a rare-earth battleground for US and China

by TheAdviserMagazine
October 25, 2025
0

Division and suspicion have gripped five villages near Kenya's coast as global powers from the United States to China eye...

edit post
Trump adds 10% tariff on Canada due to TV ad, but IEEPA doesn’t allow its use against ‘information’

Trump adds 10% tariff on Canada due to TV ad, but IEEPA doesn’t allow its use against ‘information’

by TheAdviserMagazine
October 25, 2025
0

President Donald Trump’s extra 10% duty on Canada added fuel to the debate over his legal authority on trade, just...

edit post
One more regional airline files for Chapter 11 bankruptcy

One more regional airline files for Chapter 11 bankruptcy

by TheAdviserMagazine
October 25, 2025
0

A number of regional airlines have filed for Chapter 11 bankruptcy protection in 2025. Charter airline Kachina Air filed Chapter...

Next Post
edit post
Listing an altcoin traps exchanges on ‘forever hamster wheel’ — River CEO

Listing an altcoin traps exchanges on 'forever hamster wheel' — River CEO

edit post
REITs and InvITs shine with strong performance: Time for phase 2 reforms

REITs and InvITs shine with strong performance: Time for phase 2 reforms

  • Trending
  • Comments
  • Latest
edit post
77-year-old popular furniture retailer closes store locations

77-year-old popular furniture retailer closes store locations

October 18, 2025
edit post
Pennsylvania House of Representatives Rejects Update to Child Custody Laws

Pennsylvania House of Representatives Rejects Update to Child Custody Laws

October 7, 2025
edit post
What to Do When a Loved One Dies in North Carolina

What to Do When a Loved One Dies in North Carolina

October 8, 2025
edit post
Another Violent Outburst – Democrats Inciting Civil Unrest

Another Violent Outburst – Democrats Inciting Civil Unrest

October 24, 2025
edit post
Probate vs. Non-Probate Assets: What’s the Difference?

Probate vs. Non-Probate Assets: What’s the Difference?

October 17, 2025
edit post
California Attorney Pleads Guilty For Role In 2M Ponzi Scheme

California Attorney Pleads Guilty For Role In $912M Ponzi Scheme

October 15, 2025
edit post
Earnings Summary: A snapshot of T-Mobile’s (TMUS) Q3 2025 earnings report

Earnings Summary: A snapshot of T-Mobile’s (TMUS) Q3 2025 earnings report

0
edit post
Churches, Families, and Private Inurement – Houston Tax Attorneys

Churches, Families, and Private Inurement – Houston Tax Attorneys

0
edit post
‘The Bermuda Triangle of Talent’: 27-year-old Oxford grad turned down McKinsey and Morgan Stanley to find out why Gen Z’s smartest keep selling out

‘The Bermuda Triangle of Talent’: 27-year-old Oxford grad turned down McKinsey and Morgan Stanley to find out why Gen Z’s smartest keep selling out

0
edit post
Community College of Philadelphia Names Dr. Alycia Marshall as Seventh President Following Board Action

Community College of Philadelphia Names Dr. Alycia Marshall as Seventh President Following Board Action

0
edit post
Very Group loses £500m on loan to Barclay family

Very Group loses £500m on loan to Barclay family

0
edit post
Reading Markets the Austrian Way

Reading Markets the Austrian Way

0
edit post
‘The Bermuda Triangle of Talent’: 27-year-old Oxford grad turned down McKinsey and Morgan Stanley to find out why Gen Z’s smartest keep selling out

‘The Bermuda Triangle of Talent’: 27-year-old Oxford grad turned down McKinsey and Morgan Stanley to find out why Gen Z’s smartest keep selling out

October 26, 2025
edit post
Yuga Labs Partners With Amazon Games to Launch NFT Game in Otherside

Yuga Labs Partners With Amazon Games to Launch NFT Game in Otherside

October 26, 2025
edit post
Metals on fire: What’s driving the unstoppable rally in copper, aluminium, and zinc

Metals on fire: What’s driving the unstoppable rally in copper, aluminium, and zinc

October 26, 2025
edit post
Coinbase’s x402 Transactions Rise 10,000% in a Month

Coinbase’s x402 Transactions Rise 10,000% in a Month

October 26, 2025
edit post
American Airlines to resume Israel – US flights

American Airlines to resume Israel – US flights

October 26, 2025
edit post
Real-world ‘Avatar’ in Kenya: Sacred hill turns into a rare-earth battleground for US and China

Real-world ‘Avatar’ in Kenya: Sacred hill turns into a rare-earth battleground for US and China

October 25, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • ‘The Bermuda Triangle of Talent’: 27-year-old Oxford grad turned down McKinsey and Morgan Stanley to find out why Gen Z’s smartest keep selling out
  • Yuga Labs Partners With Amazon Games to Launch NFT Game in Otherside
  • Metals on fire: What’s driving the unstoppable rally in copper, aluminium, and zinc
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.