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Trump warned automakers not to raise prices after his tariffs and be happy how ‘great’ they are (www.independent.co.uk)

submitted 1 week ago* (last edited 1 week ago) by [email protected] to c/[email protected]

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Summary

Trump warned automakers not to raise prices after announcing a 25% tariff on imported vehicles starting April 3, claiming the tariffs would be "great" and benefit U.S. manufacturing.

Industry leaders, including GM, Ford, and Stellantis CEOs, expressed concerns about inevitable price increases, with experts warning tariffs could add thousands to car costs.

Auto suppliers stated that absorbing tariffs is impossible, and dealers fear affordability challenges for consumers.

While the United Auto Workers union support the move as a job creator, trade groups predict higher prices and fewer manufacturing jobs.

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[–] [email protected] 6 points 6 days ago (1 children)

Trump's thing are 1:1 negotiations, like with Putin. He's all about making a deal personally and people gushing over how great of a deal he made. Unfortunately he's not nearly as good as he thinks he is.

Tariffs are meant as his opening power move, like the used car salesman's firm handshake. Same (I hope...) as the fuckery on Canada or Greenland. They are the "I am strong and I want something, let's sit and negotiate".

Problem is that the used car salesman only has two outcomes: customer buys the clunker or customer walks away. But it rarely happens that "customer is strong-armed into buying the clunker but customer is fire-fighter and next time will let the car dealership burn down".

[–] [email protected] 7 points 6 days ago* (last edited 6 days ago)

Unfortunately he’s not nearly as good as he thinks he is.

Let's be clear about it: he's absolutely worthless at it.

And to those who adhere to the lazy "Trump is always transactional" pseudo-explanation: Trump is never transactional when it comes to Putin. The words you're looking for in that case are "consistently, predictably servile." And I wouldn't call his multiple divide-and-rule extortion schemes "negotiations" either. He's just seeing how much he can get away by strong-arming weaker nations or organisations.