Anti-Trump UAW president backs tariffs on foreign-made cars
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New York Post |
Fain said Sunday that President Trump’s looming 25% tariff on foreign-made cars could swiftly boost American manufacturing jobs.
The New York Times |
Estimates vary widely and depend on the model, but the increase could range from around $3,000 for a car made in the United States to well over $10,000 for imported models.
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The automaker's Belvidere Assembly Plant is expected to be revived amid President Trump's tariffs and recent UAW pressure.
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"The prices in the wholesale market have skyrocketed already and it's going to get worse," one car seller tells the BBC.
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Asian News International on MSN"Tariffs will be more generous than other countries ": US President Trump on the prospect of higher tariffsUS President Donald Trump on Sunday (local time) outlined his administration's approach to upcoming tariffs, the auto industry, and the economy, stating that the US would be more generous than other countries.
United Auto Workers (UAW) president Shawn Fain spoke with CBS's Major Garrett on "Face the Nation on Sunday, where he explained the capacity car manufacturers have to avoid Trump's tariffs by relocating manufacturing back to the U.
Companies appear to be front-loading shipments of cars to the US from Europe and Asia ahead of the looming tariffs, shipping data shows.