Trump is not polite due to the high prices of potential cars amid a new tariff: “I could not care less” – Honda Motor (NYSE: HMC)

president Donald Trump It is still unwanted in the face of the high prices in the auto industry in response to its new definitions on the external -made vehicles.

What happened: On Saturday, Trump refuted allegations that he advised the automotive leaders not to increase prices in response to the new definitions. Instead, he reaffirmed his decision to raise definitions in an attempt to enhance American manufacturing.

“I couldn’t care less if they raised prices, because people will start buying US -made cars,” Trump stated in an interview with NBC News. He expressed his expectation to increase prices, which are believed to direct consumers towards US -made vehicles.

Earlier this week, Trump announced a 25 % tariff for foreign cars and car parts, which is scheduled to enter into force as of April 2. Countries such as Germany, Japan and South Korea are expected to be affected by this customs tariff.

Also read: More than 7 million cars may face the trump -car tariff: “This can drive … the car industry in stagnation”

Trump confirmed these import policies here to remain. “The world has been torn from the United States over the past forty years and more,” I declared. “All we do is to be fair, frankly, I am very generous.”

According to reports, if the customs tariff is fully transferred to consumers, the average price of the imported vehicle can rise by $ 12,500. This can feed inflation in general. However, Trump indicated that countries with “great value” resources may have room to negotiate lower prices.

Despite some resistance from legislators, Trump is convinced that this step will bring long -term benefits to the United States, and this announcement has already sparked major investments in American factories by foreign companies, including Apple Inc. Aapland Honda Motor Company Ltd. HmcAnd Hyundai Motor Company (KRX: 005380).

Why do it matterThis decision that the president made can reshape the auto industry, which may lead to a shift in consumer behavior towards American -made vehicles.

This step has already sparked investments from foreign companies in American manufacturing factories, indicating a possible increase in the local auto industry.

However, raising the potential prices and its impact on inflation will be a major viewing factor in the coming months.

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