Trump says he doesn't care if tariffs raise car prices

New Delhi, Mar 30: U.S. President Donald Trump has dismissed concerns over rising vehicle costs following his decision to impose a 25% tariff on foreign-made cars. The tariffs, set to take effect in early April, are expected to increase prices for consumers and could lead to temporary shutdowns of some U.S. car production, international media reported.

Despite warnings from analysts about the economic impact, Trump has maintained that the policy will encourage the purchase of American-made vehicles.

The import charges on cars will be implemented on April 3, while tariffs on auto parts are scheduled to follow in May or later. Media reports suggest that public opinion surveys indicate that a majority of Americans expect vehicle costs to rise due to the new policy. Critics argue that the administration is not doing enough to keep prices down, while Trump’s advisers insist that previous tariffs have led to economic stability.

North American automakers, including Ford, General Motors, and Stellantis, had previously lobbied against the measure, leading to a temporary pause in March. However, Trump has ruled out further delays, stating that negotiations will only be considered if trading partners offer substantial concessions. In addition to auto tariffs, Trump has also threatened secondary tariffs of 25-50% on Russian oil, warning that such measures could be implemented within a month if Russia is deemed responsible for stalling peace efforts in Ukraine. He has suggested that economic pressure will increase unless a ceasefire agreement is reached.

The tariffs have triggered strong opposition from global trade partners. The UK is seeking an exemption, arguing that its trade relationship with the U.S. is more balanced than other nations. However, British officials have indicated they will retaliate if necessary. Germany and France have vowed to push back against the policy, with European leaders calling for a firm response. Canada has condemned the move as a “direct attack,” while China has accused the U.S. of violating international trade rules. As tensions rise, Trump's tariff strategy is likely to strain U.S. relations with key global partners, setting the stage for potential trade disputes in the coming months.