Part of the imported cars and light trucks cost about half of nearly 16 million cars sold in the United States last year.
U.S. President Donald Trump said he does not care that foreign car manufacturers in the country will increase consumer prices in response to the 25% tariffs he plans to introduce on April 2. He spoke about it at the gap. NBC news.
The White House leader said he “did not say” car’s concerns not to take this step.
“I don’t care if they raise prices, because people will start buying American cars,” Trump said.
According to Bloomberg, part of the imported cars and light trucks cost about half of nearly 16 million cars sold in the United States last year.
Until May 3, tariffs will be expanded into spare parts – machines, delivery and electric systems. Whereas further expansion of duties is also not included. It is expected that prices will increase by thousands of dollars. Analysts JPMorgan Chase & CO It is believed that on average the cost will increase by 11%.
Remember, Trump signed a command to introduce 25% duties for cars that gathered outside the United States. Subsequently, it was found that new tariffs could significantly affect the prices of cars in the United States and complicated production processes in North America.
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.