Gee, he’s not trying to deflect media attention away from an embarrassing scandal, is he?
I think he’s trying to save Tesla’s sales freefall more than anything tbh
yeah my first thought was how this has Elon Wormtongue’s fingerprints all over it
He’s going to run out of things to tariff at this rate!
He’ll start tariffing the tariffs.
We actually do that already, reciprocal tariffs are just tariffs on other countries tariffs.
This is Trump we’re talking about here. He’ll start attaching tariffs to his own tariffs.
No, I don’t know how or even if that would work. Neither does Trump. He’ll probably do it anyway.
Fuck you Trump. I’m still getting Hondas.
Its still early. By 11am tomorrow I expect pussy over there to pull back
What’s the problem, the car industry has 5 days including the weekend to move factories and all the supply chain in the states. Super easy. /s
As a Canadian shopping for a car should I expect price drops due to diverted supply?
The trump regime was designed to TANK the US economy so that stocks, businesses, and industries can be bought by billionaires at rock bottom prices.
All is going according to plan.
Is there even a car that is 100% made in the US, parts and labor?
I ask because I’m very confused by this article.
President Trump on Wednesday announced 25% tariffs on autos and auto parts that are not produced in the U.S., effective on April 2.
Ok, so if I don’t build a car here or build the parts here then I get charged a tariff.
“We’ll effectively be charging a 25% tariff, but if you build your car in the United States, there is no tariff,” Trump told reporters.
Ok, so I don’t have to pay a tariff on the parts I use to build my cars here in the US?
In a fact sheet released after Trump’s Oval Office comments, the White House said auto parts compliant with the USMCA trade deal will remain “tariff-free” until Customs and Border Protection “establishes a process to apply tariffs to their non-U.S. content.”
The problem is you’re thinking about this more than these dumbasses have.
Well that’s the end of the competitive North America car.hope everyone is ok with Toyota and Kia. Cause Ford is cooked along with GM and Stelantis in North America
Byd is probably going to eat Tesla’s lunch world wide now too despite not having any major foot hold in north America
If the car costs 25% more on purchase, but costs 40% less in repairs, I’m gonna call that one a win 10 days out of 10.
Can you elaborate? Because the tax also applies on spare parts, do the car will cost 40% more to purchase (25% is the tax that the manufacturer has to pay, so in order to keep the same net profit margin they had to increase much more the MSRP) AND will cost 40% more to repair
American cars are way less reliable than imports, alwylays have been. It’s always cheaper to own an import because they need less repairs.
You and Trump have the same understanding.
The “import” may have been made in the US and the “local” brand built over there. Granted either likely had parts from anywhere other than where they were assembled. Tarrif hits it all - quality is very much to the model. Stellantis, Mitsubishi are reminders.
make logic out of what you said
A car dealer, buys cars to sell, using cash supply that he expects to make 30% profit on (for example). Now that the cars suddenly require 25% more of his cash supply, he will still want to make the same percentage profit. So that car is going to cost you Original price+ 25% tariff +(30% of the 25% tariff). TLDR The price of the car goes up MORE than just 25%. The dealer pays upfront, so he wants profit on however much he needs to pay. He’s not going to just charitably advance an extra 25%, which he probably borrows from an overdraft and has to pay fees/interest on, for free. These numbers are hypothetical.
