CNN —
President Donald Trump says he “couldn’t care less” if car prices rise because of his tariffs. They will – whether he wants them to or not.
The Trump administration announced last week that it will impose a 25% tariff Thursday morning on all cars imported from foreign countries, including Canada and Mexico. Eventually, tariffs will be placed on imported auto parts, too.
Although the parts tariffs are aimed at foreign-made components, those levies could raise the cost to produce cars at US factories, because a significant percentage of the parts used to
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