Lucid Motors' interim CEO has warned that the resurgence of Trump-era tariffs will lead to price hikes for all new cars, not just those manufactured in specific countries. This increase is rooted in the global nature of the automotive supply chain, wherein manufacturers depend on imported raw materials and parts, impacting costs across the board for American consumers. The CEO emphasized that these tariffs will drive up prices universally, affecting vehicles irrespective of their origin, be it domestic or international.
Lucid Motors' interim CEO Marc Winterhoff has issued a stern warning: the return of Trump-era tariffs are going to slap higher costs on every new car out there. That caution doesn't just apply to made-in-China EVs or Canadian-built pickups, either. It's every car, regardless of whether it's made in Beijing or Birmingham.
The industry's global supply chain means domestic manufacturers still have to import raw materials and some parts from other countries. For the American consumers, vehicles are going to be more expensive under the tariff regime. There's no other way around it.
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