It does specifically say “foreign MADE”, so if they are built here, they don’t apply. Biden actually did something similar and I don’t have an issue with this except it doesn’t account for companies like NYC shipping 90% complete product here and just assembling the last 10% to skirt taxes.
The article says this also applies to auto parts. Many of which are made outside the US. This means that even if you buy a car from a US auto maker, tariffs will apply. This also means if you already bought a foreign car, that your insurance will likely increase. This helps no one but Elon who I hate to admit, made the smart move of prioritizing US manufacturing for Tesla. Something I think more companies in the US should do, but here we are.
One of the big things I learned during the pandemic… Vehicle wiring harnesses largely come from Ukraine.
So when Russia invaded, new car supply tanked. People were unable to return lease vehicles because there wasn’t enough new stock to trade in for. Completed vehicles sat unsold because the wiring couldn’t be completed.
Sort of, but not really. The companies have a lot of leeway in court to argue what constitutes a “part”, and that’s why these laws generally don’t have the impact they seem to have from the headlines.
It also applies to parts, not just finished vehicles. That’s one of the most impactful parts of it. It’s specifically to stop the “car is 99% built when it is shipped in, and American workers just tighten a few bolts to call it finished” scenario that you described.
I think this may be a “broken clock is right twice a day” scenario, because it seems to actually be targeting the methods that auto manufacturers used to skirt taxes.
It does specifically say “foreign MADE”, so if they are built here, they don’t apply. Biden actually did something similar and I don’t have an issue with this except it doesn’t account for companies like NYC shipping 90% complete product here and just assembling the last 10% to skirt taxes.
Congrats on paying 250% more per US made car, given that the average “US made car” crosses borders 10-15x
The article says this also applies to auto parts. Many of which are made outside the US. This means that even if you buy a car from a US auto maker, tariffs will apply. This also means if you already bought a foreign car, that your insurance will likely increase. This helps no one but Elon who I hate to admit, made the smart move of prioritizing US manufacturing for Tesla. Something I think more companies in the US should do, but here we are.
One of the big things I learned during the pandemic… Vehicle wiring harnesses largely come from Ukraine.
So when Russia invaded, new car supply tanked. People were unable to return lease vehicles because there wasn’t enough new stock to trade in for. Completed vehicles sat unsold because the wiring couldn’t be completed.
Sort of, but not really. The companies have a lot of leeway in court to argue what constitutes a “part”, and that’s why these laws generally don’t have the impact they seem to have from the headlines.
It also applies to parts, not just finished vehicles. That’s one of the most impactful parts of it. It’s specifically to stop the “car is 99% built when it is shipped in, and American workers just tighten a few bolts to call it finished” scenario that you described.
I think this may be a “broken clock is right twice a day” scenario, because it seems to actually be targeting the methods that auto manufacturers used to skirt taxes.