It is evident that what Trump has done is having a very negative effect. The DOW is down 1200 points today and has dropped close to 5000 since Trump took office.
Money talks, doesn't it?
Over $5 TRILLION has been lost with this drop.
These tariffs are supposed to raise $6 trillion. It's funny that soon, what is supposed to happen will be totally wiped out with what has been lost in the last 80 days, and the fact is that this $6 trillion is dependent on companies doing more American manufacturing. The fact is that with everything being more expensive, Americans will be buying less and that is not going to help American companies.
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The new 25% tariffs on imported vehicles and auto parts are expected to significantly increase car prices, with estimates ranging from a few thousand to over $10,000 per vehicle, depending on the model and manufacturer.