Katrina Campins, contributor to Fox Business joined joins “The Big Money Show” to comment on the feeling surrounding the imminent pricing plans of President Donald Trump.
On Wednesday, UNIS workers welcomed President Donald Trump’s new prices on automotive imports on Wednesday, calling him “victory for car workers”.
In a statement, the UAW, one of the largest unions in the United States, said that Trump’s plan to impose 25% on all imported cars was a continuation of the president’s “rebirth Made in America and marked the start of the North American free trade agreement, or Alena.
“We applaud the Trump administration for intensifying the end of the free trade disaster which devastated the communities of the working class for decades. The end of the race down the automotive industry begins with the repair of our broken commercial offers, and the Trump administration has marked history with today’s actions,” said UAW president Shawn Fain.
Watch: how investors can take advantage of the price of President Trump prices
The United Auto Workers Union (UAW) logo is seen during a tour by the American president of the electric vehicle assembly plant General Motors Factory Zero in Detroit, Michigan, November 17, 2021. (Mandel Ngan / AFP via Getty Images / Getty Images)
To put an end to the “breed down”, said Fain, must include “the guarantee of union rights for car workers everywhere with a solid National Council for Labor Relations, a decent retirement with protected social security services, health care for all workers, in particular through Medicare and Medicaid, and dignity over and out of work”.
The president of the workers of the auto of United, Shawn Fain, testifies to the assessment of working hours on workers in front of the senatorial committee of health, education, work and pensions of the Senate in the building of the Dirksen Senate of the Senate on Capitol Hill on March 14, 2024 in Washin (Chip Somodevilla / Getty Images / Getty Images)
Fain said that Trump prices are “a major step in the right direction for car workers and blue-collar communities across the country, and it is now on car manufacturers, from the three talls to Volkswagen and beyond, to bring good union jobs to the United States”
President Donald Trump speaks with media members on the southern lawn before climbing the navy at the White House in Washington, DC on February 28. Trump administration on Tuesday imposed prices in Canada and Mexico. (Reuters / Nathan Howard / Reuters)
Speaking at a press conference at the White House earlier on Wednesday, President Trump said he would impose a 25% rate on all imported cars – up to 2.5% before. He indicated that car rates will take effect on April 2.
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In his oval office remarks, Trump said the prices “will lead to the construction of many plants, in this case, the automotive factories, and that you will see figures that you have not seen both in terms of employment.
Eric Revell by Fox Business contributed to this report.
