Noted economist honored by Trump warns that 25% tariffs risk ‘irreparable damage’ to US automakers
- President Donald Trump announced that 25% tariffs on automobile imports will be permanent starting April 2, describing them as a necessary response to foreign countries "ripping off the United States for the last 40 years".
- Economist Arthur Laffer warns that these tariffs could increase vehicle costs by $4,711 and weaken U.S. Automakers' competitiveness against foreign companies.
- Laffer advises that maintaining supply chain rules from the USMCA trade pact would better position the auto industry and avoid potential damage from tariffs.
- Trump indicated that if foreign car prices rise, consumers would turn to buying American-made cars, showing confidence in U.S. Manufacturing and production expansion.
66 Articles
66 Articles
Trump voters are prepared to trust him on tariffs — but there are signs of cracks in the coalition
As President Donald Trump’s sweeping tariff plans sent stocks tumbling and economists warning of a broader economic slowdown, many of Trump’s supporters say they support the move as part of a broader vision for the U.S. economy, even if prices rise.


Trump says 25% auto tariffs will ‘absolutely’ be permanent
President Donald Trump on Saturday was adamant that his recently announced 25% tariffs on automobile imports will be permanent after they go into effect on April 2. In a phone interview with NBC News’s Kristen Welker, Trump said the tariffs…
Economist says tariffs may hurt automakers
WASHINGTON — Noted economist Arthur Laffer warns in a new analysis that President Trump's 25% tariffs on auto imports could add $4,711 to the cost of a vehicle, adding that the proposed taxes could weaken the ability of U.S. automakers…
The Tariffs ‘Laffer Curve’
Subscribe now with a one-month trial for only $1, then enjoy the first year at an exclusive rate of just $99. The Tariffs ‘Laffer Curve’ David Goldman analyzes the evolving landscape of US tariff policy, financial markets, and global tech competition, arguing that President Trump’s recent remarks about easing tariffs reflect a strategic attempt to balance […] The post The Tariffs ‘Laffer Curve’ appeared first on Asia Times.
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