Right. If you’re running a car company and have the opportunity to dramatically increase your margins, you are going to take it. That is, unless you want to be unemployed. Trump’s tariffs will increase the costs to consumers across the board. Then he can threaten them with price controls that I’m sure you’d support. You can never be too bold when dealing with those bastards in the private sector, right? Besides, the history of price controls has always benefited Americans and American businesses right?
I asked him, previously, if a $10,000 tariff on imported cars would cause domestic car prices to rise, he said no, because competition.
I then showed him GM made about $900 per car profit and said I guess they'd be glad to just boost output, keeping the same profit per car. I think he ran away without responding.
That is the way it works. It works BOTH WAYS.