It Is Happening Every Day, Every Where
The president said he “couldn’t care less” if automakers rose prices in response to planned tariffs, reasoning that buyers would choose U.S.-made cars over foreign brands.
Carmakers are likely to face higher costs regardless of how they respond to President Trump’s 25 percent tariffs on cars and auto parts.
Aerospace companies are big exporters but also very reliant on a global supply chain, making them vulnerable.
Tariffs, tax credits and deregulation are among the industry’s top priorities.
President Trump’s approach to tariffs has unsettled many corporate leaders who believed he would use the levies as a negotiating tool. As it turns out, he sees them as an end in themselves.
Building on Biden-era policies, President Trump is strong-arming regional leaders, deploying military force and shredding decades of precedents when it comes to the U.S.-Mexico border.
The president offers many reasons for imposing tariffs, including revenue, leverage over competitors and job creation. But history suggests a more complex history.
His administration has acknowledged that exceptions undercut the power of tariffs, but it seems hard for the president to resist making deals.
The electric car company led by Elon Musk builds all the cars it sells in the United States in California and Texas, shielding it from tariffs that could devastate competitors.
Investors sent stock prices down on Thursday amid the uncertainty over what President Trump’s inconstancy means for the global economy.