Quotes
This will continue to spur growth,
Trump told reporters
But if you build your car in the United States there is no tariff."
He added
Have no fear, we will WIN everything!!!
Trump wrote on Truth Social earlier this month, claiming
What we're going to be doing is a 25 percent tariff on all cars that are not made in the United States. If they're made in the United States, it is absolutely no tariff,
he announced at the White House
The U.S. car market, long-term, is already not growing, and a lot of people are thinking about doing without cars,
Gresser said
Those are huge, huge dollar amounts and the consumer just can’t absorb that” on top of rising auto loan rates and higher insurance and repair costs
Romero saidIt’s entirely inconsistent with CUSMA and indeed, the long history of relations in the auto sector right back the Auto Pact,
Carney at a campaign stop in Kitchener, Ontario in the province’s southwest, using the Canadian acronym for the North American trade deal it signed with Trump during his first administration
Tariffs on U.S. trading partners, who are vital to our automotive supply chains, would make it harder for average Americans to afford the new vehicles of their choice,
Mike Stanton, president of the National Auto Dealers Association, echoed in a recent statement
If the goal is to re-shore production and rebuild U.S. auto manufacturing, a phased and predictable policy is the only viable path, in our view,
according to BernsteinAs I have said before, tariffs are taxes – bad for businesses, worse for consumers equally in the US and the European Union,
European Commission President Ursula von der Leyen said in a statementIt would be appropriate that the president and I speak, given the action that he’s taken. I’m sure that will happen soon,
Carney saidThis is the beginning of Liberation Day in America,
the president said at the White House
We want to incentivize countries to come to US and build here in America,
said President Trump, as he accused countries all over the world of “friend or foe” of “ripping off the Unites States ... he added
He is spending most of his time in Washington, D.C., right now,
Nelson said
The biggest concern now is regarding the brand value,
said Nelson from CFRALack of innovation, lack of new models,
Nelson said ... adding thisWe're looking at a 5 percent decline but it could be much more than that,
he told AFPPicking a side, Republican or Democrat, can really do a lot of damage,
he added, pointing to the way Tesla's stock had fallen "dramatically," losing around a third of its value since the start of the year