/2
So #MyThoughts —
This is not free market capitalism. It is ultra protectionist quasi-mercantilism. He’s treating the US like a developing country with an emerging market, trying to push it to become a net exporter (vs. importer) by force at the expense of other nations and the US economy (at least in the short-term).
And absolutely - US auto makers / suppliers would have to raise prices to meet their bottom lines when their COGS suddenly increase because of tariffs.
#USA #trump #tariffs