Market Chatter: Trump Cautions Carmakers Against Price Hikes Due to Tariffs

MT Newswires Live03-28

President Donald Trump told auto executives not to increase car prices in response to tariffs during a recent call, the Wall Street Journal reported Thursday, citing people familiar with the discussion.

The warning reportedly left some participants uneasy, with concerns they could face repercussions if prices increased.

Trump said automakers should welcome the rollback of Biden-era EV policies and argued that tariffs would ultimately benefit the industry by promoting domestic production, the WSJ reported.

The White House did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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