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Donald Trump's ignorance of tariffs was well documented. Trump does not know that tariffs work, or has convinced that he can bend the economic reality by changing in his head that pays for tariffs.
On Friday, Trump announced that on April 2, he will impose a 25% tariff on auto imports.
Trump was asked for the car tariffs and he said: “I would say in the next, someday or maybe around April 2, I would have done her on April 1st. Whether you believe it or not, I'm a little superstitious. No, we literally had a plan for April 1. I told us in April, April 2. Do you know how much money it costs? That costs a lot of money only this one day, but we will do it on April 2, I think … “
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The US auto industry is already warning that tariffs for car imports will blow a hole in their industry.
Jim Farley, Managing Director of Ford, said this week That the tariff “would blow a hole in the US industry that we have never seen before”.
Car manufacturers are afraid to speak out against the tariff because they fear the retaliation of Trump and his white house.
The media refuses to cover the tariffs as what they are. Auto tariffs are a tax on car buyers that would harm an important American industry.
Trump seems to be determined to put down the US economy, and he won't stop when we get up and say no.
What do you think about Trump's auto tariffs? Share your thoughts in the comments below.
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