Dhaka,
Sun
06 Apr 2025, 05:14 pm
U.S. auto tariffs: A 'boomerang' for consumers, a terrible tool for revitalization
[matched_content]
For more:
https://www.cgtn.com/video
The impact of U.S. President Donald Trump’s proposed 25 percent tariff on imported cars and auto parts is raising concerns globally. While Trump claimed tariffs would boost U.S.-made car sales, economists are skeptical. Liang Yan from Willamette University says U.S. consumers will bear tariff-induced price hikes, saying “any car could be up to $10,000.” Besides, she said tariffs won’t spur carmakers to expand production or cut prices because it’s not in the business logic. Plus, without major infrastructure and workforce investment, the tariff is a “terrible tool” to accomplish re-industrialization.
Subscribe to us on YouTube: https://goo.gl/lP12gA
Download our APP on Apple Store (iOS): https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8
Download our APP on Google Play (Android): https://play.google.com/store/apps/details?id=com.imib.cctv
