During the interview, he said he did not warn U.S. automakers against hiking prices on their cars as reported by some news organizations. He said his message to industry leaders was, “Congratulations, if you make your car in the United States, you’re going to make a lot of money. If you don’t, you’re going to have to probably come to the United States, because if you make your car in the United States, there is no tariff.
It was a remarkable, if politically perilous, statement from Trump amid ballooning costs on a wide range of goods. Voters’ economic anxieties propelled Trump to the White House as critics complained his predecessor wasn’t sensitive enough to the impact of persistent inflation on everyday Americans. On the campaign trail, Trump vowed that prices would begin to come down on day one of his presidency, but they remain stubbornly high, with potentially more economic pain in coming days as more tariffs take effect.
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