Does this also include used cars and cars over 25 years old?
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Depends on what kind of scandal Trump is trying to deflect attention away from when you ask him.
Nice. Ban cars! Big win for humanity and the planet.
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.
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
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.
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?
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.
Ok so does that mean the BMW i am going to test drive this weekend just went up 25%?
Because that's a fucking deal breaker
Enjoy your subscription seat heater.
As far as I can tell, that's not a thing on this car. If I'm wrong I'm not getting it. There's a whole shitload of minor inconveniences I'm not gonna put up with for a $60k car.
The car has already been imported and these tariffs aren't in effect. Of course shady dealer can try and get you to pay overs.
See this is why I asked, someone would comfort me.
Just make sure you buy one in inventory.
Yep it is.
I don't know if I'll buy it or lease it (ive driven maybe 3000 miles in the past year), or get it at all since it's pretty damn spendy anyway. But I'll at least try it out.
I bet the blinker package bumps the price by about as much, just pass on it this time 😉
Ah, so that IS additional. I assumed you had to pay for a semester long course in activating a turn signal, your explanation makes a lot more sense.
Just wait a week.
Not necessarily, all of the big 3 German manufacturers have US plants.
Unfortunately, BMW only has the one plant at Spartanburg and that only produces the X models (excluding the iX). So if you test drove one of those, it might be OK, but if you test drove one of non-X models, yeah it's going up.
Of course I also don't know if this is all new registrations or if cars already imported to the country are exempt, etc.
It's not only the final assembly but also all parts.
Nearly half of all vehicles sold in the United States are imported, as well as nearly 60 percent of the parts in vehicles assembled in the United States.
Oh then there's not going to be a single US made vehicle, is there? They'll all need SOME components from outside the US.
Its still early. By 11am tomorrow I expect pussy over there to pull back
How convenient for his Nazi friend who sells cars made in the US.
You mean the external combustion cars?
C'mon man, don't be rude. They work on chargrd electromagnetic principles, that's why theyre attractive to dumb people and nazis.
A lot of the cheaper new cars that working people rely on like Chevy Trax, comes from abroad.