How can the automakers NOT raise prices to cover the tariffs? Whoever wrote that memo doesn't understand double-entry accounting, doesn't understand math, and doesn't understand physics. You can't remit the tariff money to the government out of thin air. It has to come from somewhere. That "somewhere" is the customer, because the tariff is way to big for the car manufacturer to absorb!
How can the automakers NOT raise prices to cover the tariffs? Whoever wrote that memo doesn't understand double-entry accounting, doesn't understand math, and doesn't understand physics. You can't remit the tariff money to the government out of thin air. It has to come from somewhere. That "somewhere" is the customer, because the tariff is way to big for the car manufacturer to absorb!
How can the automakers NOT raise prices to cover the tariffs? Whoever wrote that memo doesn't understand double-entry accounting, doesn't understand math, and doesn't understand physics. You can't remit the tariff money to the government out of thin air. It has to come from somewhere. That "somewhere" is the customer, because the tariff is way to big for the car manufacturer to absorb!