The impact of Trump’s tariffs will be huge for the auto industry

In a post on Truth Social, US President Donald Trump said, “Most of the tariffs will be paid by the consumer.” He added, “This was done through the International Emergency Economic Powers Act (IEEPA) because of the major threat of illegal aliens and deadly drugs killing our citizens, including fentanyl.” “I’ll tell you what if pricing on the new market goes up,” he further said.