- President Donald Trump’s car rates are designed to protect the American car manufacturing industry.
- Senator Ted Cruz, a skeptical price, warns that the price of American cars will probably also increase.
- He said the price of an average car in a Big 3 car manufacturer could increase by $ 4,500 in June.
Senator Ted Cruz says you end up paying thousands of more dollars for a new car as a result of Trump’s car rates – even if you buy American.
“These are not only foreign cars that will go up,” said the Texas Republican in an episode of his “Verdict” podcast published on Friday. “There are strange impacts, given the functioning of the American supply chain.”
Cruz said that a representative of one of the “Big 3” auto auto auto auto – which included General Motors, Ford and Stelllantis – told him the previous night that the average cost of one of their cars would increase by $ 4,500 from June, when newly manufactured cars begin to strike dealers.
Trump’s car rates include not only a 25% rate on imported cars, but on imported automotive parts. Many national manufacturers are counting on overseas parts.
Chairman of the Senate Commerce Committee, Cruz has become a frank critic of Trump’s commercial plans.
“I’m not a fan of prices. Prices are a tax on the American people,” Cruz told Bi on Thursday.
When he was asked if he trusted the approach of the Trump administration, the Senator of Texas replied: “We will see if the result is lower prices of our business partners, or higher prices of our business partners.”
businessinsider
