In Reply to: Trump says he wants prices to go up posted by russsmith on March 29, 2025 at 19:30:00
Higher prices for imported vehicles could make American's rich by delaying or cancelling their purchases of high value items like cars and keeping the money in their pockets. No longer being able to afford the car you want doesn't mean you'll switch to another nameplate. Maybe this will be a tipping point where American's begin recognizing that wanting something is different from needing it.
The American consumer is the engine that powers our economy. If consumers decide to sit on their wallets, a lot of bad things can happen. Trump is messing with something that he doesn't understand and can no longer blame its consequences on Biden since all of this is unfolding on his watch.