The Wall Street Journal (gate) is reporting that Trump has warned US automakers not to raise prices:
- Trump told the executives that the White House would look unfavorably on such a move, leaving some of them rattled and worried they would face punishment if they increased prices, people with knowledge of the call said.
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Instead, Trump said, they should be grateful for his elimination of what he called President Joe Biden’s electric-vehicle mandate, which involved subsidies and emissions requirements to encourage electric-car production.
Automakers in the US say they face a surge in costs due to tariffs on Canada and Mexico – Trump’s tariffs apply not only to imported cars but imported parts.
Link the Journal article is here if you can access it.
This article was written by Eamonn Sheridan at www.forexlive.com.
