US President Donald Trump said on Saturday he did not warn car industry executives against raising prices as tariffs on foreign-made autos come into force, saying he "couldn't care less" if they do.
The White House has been preparing to impose new tariffs on a range of consumer goods on April 2, a move that has drawn criticism from international leaders and concerns about potential price increases for consumers.
In the NBC News interview, Trump said his permanent tariffs on foreign-made automobiles would be a boost to US-domiciled factories and was confident the move would lead to increased sales of American-made cars. "I hope they raise their prices, because if they do, people are gonna buy American-made cars," Trump said.
Trump maintained that he would only consider negotiating on the tariffs "if people are willing to give us something of great value."
The tariffs are part of Trump's efforts to promote American manufacturing and reduce the country's trade deficit.
Trump's trade policies have been a key focus of his presidency, with ongoing tensions with major trading partners.
Dubai has launched a programme for first-time home buyers, aiming to make homeownership more accessible and affordable by facilitating priority access to new launches, preferential pricing and tailored mortgage solutions.
Archer Aviation has conducted test flights of its Midnight electric vertical take-off and landing (eVTOL) air taxi services at Al Bateen Executive Airport in Abu Dhabi, marking a key milestone for its planned commercial deployment in the UAE and the expansion of its operations in the region.
US and India trade negotiators are pushing to try to land a tariff-reducing deal ahead of President Donald Trump's July 9 negotiating deadline, but disagreements over US dairy and agriculture remained unresolved, sources familiar with the talks said.
A cyber hacker broke into a database containing the personal information of millions of customers, Qantas said, in Australia's biggest breach in years and a setback for an airline rebuilding trust after a reputational crisis.
Emirates has officially launched its daily services to Shenzhen, marking the airline’s fourth gateway in the Chinese mainland after Beijing, Shanghai and Guangzhou.
Every weekday afternoon, Helen Farmer will help you to navigate the highs and lows of life in the UAE. Stay up to date with what’s happening and where to go.
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