Published Date: 30.03.2025 03:38 / Politics

Trump Supports Higher Foreign Car Prices

Trump Supports Higher Foreign Car Prices

President Donald Trump stated in an NBC News interview that he "couldn’t care less" if automakers raise prices in response to his administration's newly imposed 25% tariff on all foreign-made automobiles. Trump asserted that price increases would push American consumers to purchase vehicles made in the United States.

"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 declared during the interview. He emphasized the benefits for manufacturers who build domestically, saying, "If you make your car in the United States, you’re going to make a lot of money. If you don’t, you’re going to have to probably come to the United States because if you make your car in the United States, there is no tariff."

The president's remarks align with his long-standing stance on protectionist economic policies and efforts to boost domestic manufacturing. By imposing a significant tariff on foreign automobiles, Trump aims to incentivize automakers to shift production to U.S. soil and promote consumer loyalty toward American-made products.

Following the interview, an aide to the president provided clarification, stating that Trump's comments were specifically referencing the expected increase in prices for foreign cars, not vehicles produced within the United States. The aide reiterated that the policy is designed to favor domestic manufacturing and economic growth.

Trump’s statements have reignited discussions surrounding the broader economic impacts of tariffs, particularly in the automotive industry, where global supply chains and international production play a key role. As the 25% tariff takes effect, automakers may face strategic decisions about production locations and pricing models to maintain competitiveness in the U.S. market.