KEY POINTS
- As Donald Trump’s 25% tariffs on imported vehicles remain in effect despite a pullback this week on other levies, new analyses detail global implications for the automotive industry.
- Analysts are expecting to see a drop in vehicle sales in the millions, higher new and used vehicle prices, and increased costs of more than $100 billion for the industry,
- Goldman Sachs assumes new vehicle net prices in the U.S. will rise by roughly $2,000 to $4,000 over the next six- to 12-month timeframe to better reflect tariff costs.
someguy3@lemmy.world 1 week ago
I can keep track but I thought things under the USMCA were exempt?
wise_pancake@lemmy.ca 1 week ago
It’s an “emergency”
ReallyActuallyFrankenstein@lemmynsfw.com 1 week ago
You see, it hit Trump like a bolt of lightning - fentanyl is a problem, but what people never had realized, is that fentanyl has to be moved between different physical locations.
From there, after only two weeks of additional thought, Trump had his trademark genius insight: don’t stop the fentanyl, stop the people moving the fentanyl.
It was an idea so brilliant, not even the smartest minds had thought of it. But how? How do you stop people moving fentanyl? How can you? Is it even possible?
Ah, it was a tough one, even for Trump. He labored for another month, but then - genius! We could… No… But could we …make the cars so expensive, these criminals would not even be able to move the fentanyl.
It was a perfect plan with no flaws. The only question was, could he explain his incredible but hopelessly intricate insights to the mere mortals in the media? As anyone who knows Trump could predict, he felt the need for the public to understand, a compulsion, such is he cursed with care for their feelings, and would first gouge his eyes out rather than have them experience a moment’s confusion or worry.
Well, leave that to his capable staff. If the people love him even a fraction as much as he loves them, they will understand. It is an emergency. It must be done. For America.
sj_zero 1 week ago
I know between Canada and the US, usmca compliant vehicles are exempt. It's one of the earliest items not to have tariffs.