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Joinfortmill

(19,804 posts)
Thu Mar 27, 2025, 06:40 AM Mar 2025

'Trump to impose 25% tariff on all automobiles and foreign auto parts brought into the U.S.' [View all]

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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