US automakers have privately warned lawmakers that they will be forced to drastically raise prices if the tariffs remain in place. — Reuters
NEW YORK: Ford Motor may raise prices of its new vehicles in May if US President Donald Trump’s auto tariffs are not eased, Automotive News reported, citing a memo to dealers.
Both US and foreign automakers have rushed to alleviate consumer concerns about tariffs inflating costs at dealerships by offering price assurances and substantial discounts.
