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Trump not concerned if car prices rise due to tariffs
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President Donald Trump spoke with NBC on Saturday about impending auto tariffs and the Signal group chat scandal.
In Japan, shares of Toyota, Honda and Nissan fell 3.1% or more. In South Korea, Hyundai shares dropped. + In Italy, shares of Jeep maker Stellantis declined more than 3.5% in afternoon trading. Ferrari shares were down around 2.
Following the announcement of a 25 percent tariff on imported foreign cars and parts, President Donald Trump said he "couldn't care less" if foreign-made cars cost more in the United States. He explained his reasoning,
At least three people were killed and seven wounded in an Israeli airstrike on Beirut's southern suburbs early on Tuesday, the Lebanese health ministry said, further testing a shaky four-month ceasefire between Israel and Hezbollah.
President Donald Trump said he “couldn’t care less” if international automakers increase pricing due to his 25% tariffs on all foreign-made auto parts and imported vehicles announced several days ago.
President Trump said that he “couldn’t care less” if car prices spike because of his 25 percent tariffs on auto imports, saying the levies will prompt more people to buy American cars.
Ukrainian President Volodymyr Zelenskyy called for further "tough measures" against Russia to push President Vladimir Putin into a ceasefire agreement, suggesting after another round of drone strikes that Moscow "couldn't care less about diplomacy.
As a candidate, Trump said he’d lower prices “on day one.” As a president, he’s now saying he “couldn’t care less” if some automakers raise prices.
Shares of Asian and European automotive groups fell Monday after the U.S. President played down concerns about foreign carmakers raising prices for U.S. consumers in response to new tariffs.
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