On Air Force One:
US President Donald Trump said on Friday that it was open to launch agreements with countries seeking to avoid US invoices, but these agreements should negotiate after the announcement of his administration on mutual invoices on April 2.
Speaking to reporters on Air Force One, Trump also said he would soon announce invoices aimed at the pharmaceutical industry, but refused to give details of when or at what rate of duties.
He told reporters that countries, including Britain, had approached the United States to try to reduce agreements and prevent mutual invoices.
“They want to make agreements. It is possible to be able to get something for the deal,” he said. “But yes. I’m definitely open to it, if we can do something where we get something about it.”
Asked if such agreements could happen before April 2, Trump said: “No, probably later. It’s a process.”
Meanwhile, a group of automakers representing General Motors, Toyota, Volkswagen and other large companies warned that the 25% Trump invoice president plans to impose next week on imported vehicles will harm US consumers.
“Additional invoices will increase the costs for US consumers, reduce the total number of vehicles sold within the US and reduce US car exports – all before creating any new construction or jobs in this country,” Alliance for Automotive Innovation, John Bozzella, said in a statement.
The team represents every major automaker, including Ford Motor, Hyundai, Stelantis, Honda, BMW and Mercedes-Benz.
Bozzella said the team supports Trump’s target for more US car production. “We are committed to building and investing in the US, but these installations and supply chains are huge and complex and cannot be transported or redirected all night,” Bozzella added.
The White House did not comment immediately. Ford Managing Director Jim Farley told employees in an email on Friday “The impact of invoices are likely to be important throughout our industry – affecting automakers, suppliers, representatives and customers”. Although more than 80% of Ford sells in the United States are assembled in America, “this does not mean that Ford is immunity to the impact of invoices, which could make sense,” Farley added.
Other questions remain open, including whether Trump will extend the 25% invoices imposed earlier this month on vehicles assembled in North America that are not exported under free transactions and whether they will impose mutual invoices on the EU next week.
The White House said on Wednesday that he is expecting new tariffs for Autos and Auto Parts to raise $ 100 billion revenue in the following year.
The automakers can spread the costs of duties between US -produced models and imported models, reduce the features and in some cases stop selling affordable models aimed at car buyers for the first time, as many of them are imported and less attractive.
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