President Donald Trump's proposed 25% tariff on imported cars and auto parts might sound like a win for U.S. manufacturing, but experts warn it could slam consumers instead. 💸 Let's break it down.
The Price Tag of Patriotism
Willamette University's Liang Yan warns that tariffs could add up to $10,000 to the cost of any car sold in the U.S.—imported or domestic. Why? Global supply chains mean even 'American-made' vehicles rely on overseas parts.
Business Logic vs. Political Promises
Tariffs alone won't magically revive U.S. factories, says Yan. Without major investments in infrastructure and worker training, automakers are unlikely to shift production. 🏭 "It’s not how capitalism works," she adds bluntly.
Global Domino Effect 🌍
Countries from Germany to Japan are bracing for ripple effects. Meanwhile, U.S. trade policies could spark retaliatory measures—think higher prices on everything from avocados to iPhones.
TL;DR: This tariff gamble might leave everyone paying more, with no real boost to American industry. 🎲💔
