Rep. Don Bacon (R-NE) admitted many businesses in his state will be closing up shop soon if President Donald Trump’s tariffs don’t “change.”
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On Saturday, Bacon said car dealers and other businesses are telling him prices will need to go much higher as there is no time to fulfill demands that were previously not met within the United States. Many car manufacturers also rely on certain components from overseas while they actually build the cars here.
He said:
When I talk to car dealers here in Omaha, they say if these tariffs aren’t revised, the average person is going to pay $5000 more to buy an American car, let along a foreign made car. But an American car will cost that much more because a lot of our parts come from all over the world. We’ve got globally sourced manufacturing for cars and many other things. I have many businesses, just like Josh is saying, they’re probably gonna go out of business if this doesn’t change soon. One gentleman, he has his whole store’s Christmas lights. It’s one of the best Christmas lights stores you’ll ever see. But all of those lights comes from China, so he doesn’t have time to find other sources.
