It seems that Trump is completely indifferent to the possibility of automakers raising prices due to tariffs. According to The Associated Press, if the full cost of tariffs is passed on to consumers, the average price of imported vehicles could skyrocket by $12,500. Not to mention, foreign auto parts would also be hit with a 25% tax, even if they are used in domestically assembled vehicles. And let’s not forget about the tariffs on aluminum, a key component in American cars, which would also see an increase in price.
“We’re looking at much higher vehicle prices,” said economist Mary Lovely, senior fellow at the Peterson Institute for International Economics. “We’re going to see reduced choice. … These kinds of taxes fall more heavily on the middle and working class.’’
Canadian Prime Minister Mark Carney had some choice words for Trump, calling the tariffs “unjustified” and declaring that the close economic and security relationship between Canada and the United States is officially over. Bravo, Trump, bravo. Your trade policies are truly a work of art.
Blue Press Journal 
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