US President Donald Trump said on Saturday he did not warn car industry executives against raising prices as tariffs on foreign-made autos come into force, saying he "couldn't care less" if they do.
The White House has been preparing to impose new tariffs on a range of consumer goods on April 2, a move that has drawn criticism from international leaders and concerns about potential price increases for consumers.
In the NBC News interview, Trump said his permanent tariffs on foreign-made automobiles would be a boost to US-domiciled factories and was confident the move would lead to increased sales of American-made cars. "I hope they raise their prices, because if they do, people are gonna buy American-made cars," Trump said.
Trump maintained that he would only consider negotiating on the tariffs "if people are willing to give us something of great value."
The tariffs are part of Trump's efforts to promote American manufacturing and reduce the country's trade deficit.
Trump's trade policies have been a key focus of his presidency, with ongoing tensions with major trading partners.
The UAE's Ministry of Economy and Tourism has announced the conclusion of the sixth edition of the World’s Coolest Winter campaign, which recorded strong results across all seven emirates.
Kristalina Georgieva, Managing Director of International Monetary Fund (IMF), has commended the UAE's non-oil trade growth as a testimony of its successful efforts at diversifying its economy, during her opening address at Arab Fiscal Forum.
India pushed manufacturing to the forefront of its budget as it prioritised sectors such as semiconductors, biopharma and renewables, but stopped short of the bold reforms sought by investors to boost investment amid rising geopolitical tensions.
Dubai Duty Free (DDF) has posted its strongest January performance on record, achieving AED858.21 million in sales, an 18.53 per cent increase over January 2025.