The Wall Street Journal (gate) is reporting that Trump has warned US automakers not to raise prices:
Trump told the executives that the White House would look unfavorably on such a move, leaving some of them rattled and worried they would face punishment if they increased prices, people with knowledge of the call said. Instead, Trump said, they should be grateful for his elimination of what he called President Joe Biden’s electric-vehicle mandate, which involved subsidies and emissions requirements to encourage electric-car production.Automakers in the US say they face a surge in costs due to tariffs on Canada and Mexico - Trump's tariffs apply not only to imported cars but imported parts.
Link the Journal article is here if you can access it.
This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
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