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Trump Warns Automakers: Don't Raise Prices Amid Tariffs

3/28/2025

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Summary

Story summary

President Trump issued a stern warning to U.S. automakers against raising car prices in response to tariffs, hinting at possible repercussions for those who do. He expressed appreciation for his decision to roll back Biden's electric-vehicle mandate, while automakers grapple with escalating costs from tariffs on imports from Canada and Mexico, impacting both vehicles and parts.

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Story summary

President Trump issued a stern warning to U.S. automakers against raising car prices in response to tariffs, hinting at possible repercussions for those who do. He expressed appreciation for his decision to roll back Biden's electric-vehicle mandate, while automakers grapple with escalating costs from tariffs on imports from Canada and Mexico, impacting both vehicles and parts.