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Trump Warns Auto Industry Against Price Hikes Amid New Tariffs

  • President Donald Trump warns automakers not to hike vehicle prices following new tariffs on imported cars and parts.
  • Trump insists that automakers keep sticker prices steady, suggesting that tariffs would lower vehicle prices in the long run.
  • Automakers express concerns about the financial squeeze caused by tariffs, as they rely heavily on foreign-made components.
  • A Morgan Stanley analysis predicts the average price of a new vehicle to rise 11% to 12% by early summer due to tariffs.

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