After an annual announcement
Trump over higher prices: “I don’t care”
30.03.2025 – 03:48 a.m.Reading time: 2 min.
Donald Trump believes that his tariffs give up imports of cars and auto parts of domestic industry. He obviously doesn’t care about higher prices.
According to a media report, US President Donald Trump is not interested in whether the automotive industry increases its prices due to its tariffs. “I don’t care,” he says in an interview with the US broadcaster NBC News. According to Trump, the tariffs on cars and auto parts produced abroad would give up to the factories based in the USA and lead to an increase in sales.
“I hope you increase your prices because if you do that, people will buy cars from American production,” Trump told the TV station. On April 2, US tariffs will come into force on certain consumer goods and cars from abroad. They are part of Trump’s efforts to promote American production and reduce the country’s trade deficit.
However, the prices of American carmakers are also likely to increase, especially when they rely on auto parts from Europe. Even Trump consultant Elon Musk had admitted a few days ago that certain Tesla parts could not be manufactured in the USA. “It is important to know that Tesla does not get away with this,” wrote Musk on social media. “The effects on the costs are not trivial.” The tariffs should come into force on April 2.
US car companies had urged Trump to warn against the tariffs. A group that General Motors, Toyota, Volkswagen and other large automobile manufacturers represent warned that the new tariffs will harm American consumers. “Additional tariffs will increase the costs for American consumers, reduce the total number of vehicles sold in the USA and reduce US car exports – all before new production facilities or jobs are created in this country,” said John Bozzella from the Alliance for Automotive Innovation in one explanation.
“Around 640,000 vehicles are exported from Europe to the USA annually,” said Nils Kuhlwein from Kearney. The 25 percent inch on cars announced by Trump for from April 3 would therefore affect Volkswagen, BMW, Mercedes and Stellantis. Some suppliers are also heavily dependent on export to the USA.
The tariffs on auto imports announced by US President Donald Trump would hit the European auto industry hard. An analysis of the management consultancy Kearney from Düsseldorf published on Friday results in a risk of up to $ 17.1 billion in loss of sales for manufacturers and suppliers. Up to 30,000 jobs could therefore be lost.
