President Trump warned auto CEOs not to raise prices during a recent call, according to The Wall Street Journal. The call occurred amid a 25% tariff on all imported vehicles and parts starting April 2. He claimed the tariffs would benefit U.S. manufacturing and eliminate Biden-era EV mandates. Auto executives expressed concern, stating the tariffs will force price hikes of up to 12% by May due to dependency on foreign parts. Trump emphasized tariffs to restore domestic industry, though analysts and CEOs say rising costs are inevitable.
