Trump Defends 25% Auto Tariff Despite Consumer Price Concerns

The tariffs, effective April 3, aim to boost U.S. manufacturing but face criticism over potential inflation and trade tensions.

Donald Trump confirmed a 25% tariff on auto imports and parts starting April 3, with exemptions for USMCA-compliant vehicles.
Trump dismissed concerns about rising car prices, stating higher prices would encourage Americans to buy domestically made vehicles.
The tariffs are part of Trump's strategy to reduce the U.S. trade deficit and strengthen domestic manufacturing.
Trade partners, including the EU, Canada, and Japan, are preparing retaliatory measures in response to the tariffs.
Experts warn of inflationary pressures, higher costs for U.S. consumers, and potential disruptions to global supply chains.