President Donald Trump told the CEOs of some of the most prominent car manufacturers they better not raise their prices due to tariffs, The Wall Street Journal reported.
Trump said the White House would look unfavorably on the move, causing some of them to fear they would face retribution if they increased prices, sources told the Journal.
Trump announced Wednesday he was placing a 25% tariff on auto imports, a move the White House claims would foster domestic manufacturing but could also put a financial squeeze on automakers that depend on global supply chains
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