According to The Wall Street Journal, President Donald Trump warned the heads of several leading car manufacturers against increasing their prices because of tariffs. He emphasized that such a move would be viewed negatively by the White House, which led some of these executives to worry about possible retaliation if they did decide to raise prices.
On Wednesday, Trump declared a 25% tariff on auto imports, a decision the White House claims would support the growth of domestic manufacturing. However, this could also create financial pressure on carmakers who rely on international supply chains for production.
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