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Fortune

Jason Ma

Trump says auto tariffs are permanent and doesn’t care if they cause carmakers to hike prices—‘I hope they raise their prices’

United States Donald Trump Dan Ives America NBC News White House

(Credit: Nicholas Kamm—AFP/Getty Images)

President Donald Trump shrugged off concerns that his auto tariffs will cause carmakers to raise prices, saying he couldn’t care less if they do. In an interview with NBC News, he added, “I hope they raise their prices, because if they do, people are gonna buy American-made cars.” But even cars assembled in the U.S. have foreign-made parts.

President Donald Trump said his new auto tariffs are permanent and shrugged off concerns that they will cause carmakers to raise prices.

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