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The Truth About Cars

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Report: President Trump Warned Automakers Not to Raise Prices

  • President Trump warned automakers not to raise prices to avoid passing on increased costs from tariffs to consumers.
  • Automakers were worried about facing punishment from the government if they didn't comply with the warning.
  • Trump mentioned that automakers should be grateful for ending former President Joe Biden's non-existent electric-vehicle 'mandate'.
  • Automakers have been supplying dealers with talking points to use when discussing the issue with local politicians.

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