The US is rebuilding its auto industry thanks to the new tariff policy of the US administration, US President Donald Trump said in an interview with Politico.
“Because of the tariffs, all the American auto companies are coming back to the US“, he said. According to Trump, because of “stupid“ presidents, as well as because of American leaders who “had no business acumen“, the US “lost 58% of its auto business“. “We used to have a monopoly on the global auto market; we had everything”, the American leader claims.
According to Trump, the investments of 18 trillion. USD in the US economy in recent months has led car companies to bring production back to America. He added that such investments will create “more jobs than you”ve ever seen” in the US.