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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forums'Trump to impose 25% tariff on all automobiles and foreign auto parts brought into the U.S.'
https://www.nbcnews.com/business/autos/trump-auto-tariffs-which-companies-how-much-when-what-to-know-rcna198223'The tariffs were criticized by foreign governments and carmakers, drawing threats of retaliation and sinking auto stocks around the world.'
'...Speaking from the Oval Office, Trump initially said he was imposing a 25% tariff on all cars coming into the United States....
However, companies that import vehicles under the United States-Mexico-Canada Agreement (USMCA) will get special consideration until the Commerce Department establishes a process for levying the 25% duties, the White House said...
Trump said he expects auto companies to relocate to the United States and build new sites or expand existing ones. He hit out at companies that have opened facilities in Canada and Mexico in recent decades, at what he said was the expense of U.S. workers...
“If you build your car in the U.S., there’s no tariff,” he said...'
My words: Overall, I don't see how any of this is good for the American consumer even if some car models are produced in the U.S.
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'Trump to impose 25% tariff on all automobiles and foreign auto parts brought into the U.S.' (Original Post)
Joinfortmill
Mar 27
OP
Think. Again.
(22,330 posts)1. There goes the auto industry.
Junkyards just became goldmines overnight.
no_hypocrisy
(51,153 posts)2. Unless TSF isn't planing to leave in 2029,
corporations won’t invest on this side of the border. Shareholders are going to have a fit anyway.
mucifer
(25,113 posts)3. I'm just gonna keep posting trump is a sadist.
uponit7771
(92,730 posts)9. MAGA is governing like he doesn't have to campaign anymore
bucolic_frolic
(49,801 posts)4. A man in the super yesterday said 4 months waiting list for new Toyota.
I don't know if he meant all models but with availability limited and tariffs rising, price will BOOM!!
Way to go Trumpie. Do you think some of that tariff money will be siphoned off by a DOGE side door?
mwmisses4289
(894 posts)5. Side door? More like the front door.
Scrivener7
(55,342 posts)6. Have any of his tariffs lasted a week? Seriously, I'm asking.
C_U_L8R
(47,109 posts)7. Even domestic cars have foreign parts
Including Teslas. Trump is a freaking economic disaster.
BootinUp
(49,628 posts)8. Lets see how long this lasts. nt
dansolo
(5,387 posts)10. Is this just a distraction
It seems like the tariff announcement is just a distraction from the recent scandal. Get everybody talking about something else.
maptap22
(189 posts)11. Now I get it...he did this to help his Russian handler - Eloon
Tesla stock is up today. Pretty obvious that he is trying to help the real guy running the country (into the dust).
Geez I hate these people so much!