President Trump's proposed auto tariffs, aimed at protecting US car manufacturers, face criticism, particularly from Sen. Ted Cruz, who warns of unintended consequences. Cruz highlights that tariffs, consisting of a 25% levy on imported vehicles and parts, could lead to a substantial price increaseâup to $4,500âfor average cars produced by major American automakers. He stresses that the complexities of the US supply chain may result in higher costs for American buyers, underscoring his firm stance against tariffs, which he describes as a tax on the populace.
"It's not just foreign cars that will go up," the Texas Republican said on an episode of his "Verdict" podcast released on Friday. "There are weird impacts, given how the American supply chain works."
Sen. Cruz noted that an average car from one of the Big 3 automakers could see a price increase of $4,500 due to Trump's tariffs. He emphasized that this will affect American car buyers too.
Cruz expressed his skepticism towards tariffs during an interview, stating, "I am not a fan of tariffs. Tariffs are a tax on the American people."
When asked about the results of the Trump administration's trade policies, Cruz said, "We will see whether the result is lower tariffs from our trading partners, or higher tariffs from our trading partners."
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