WSJ: Trump Warned Automakers Not To Raise Prices
The Business Standard reports:
In a high-stakes call with top US automakers earlier this month, US President Donald Trump issued a warning: Do not raise car prices in response to his new tariffs, reported The Wall Street Journal.
According to sources familiar with the conversation, Trump cautioned executives that the White House would not look favourably on price increases. His remarks left some industry leaders concerned about possible repercussions if they moved to offset costs by raising vehicle prices.
On the other hand, Trump positioned his recent policy moves as a boon to the industry, highlighting his rollback of what he called former President Joe Biden’s “electric-vehicle mandate”
Read the full article. The WSJ report is behind a paywall.
Guess we’re doing price controls
— SwiftOnSecurity
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