So does this apply to Teslas too? We already know they source parts from Canada and complained that the tariffs weren’t fair.
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Another report said it would also apply to parts: "The new tariffs would apply to both finished autos and parts used in the vehicles, according to a White House official who insisted on anonymity to discuss the taxes on a call with reporters. "
2.5% is the announced tariff. A bit of annoying amount. With steel and aluminum tariffs, certainly still gives Canada a cost advantage. But complete BS uncertainty for everyone on what "we will go to 25%" means and when or why.
It means everyone was talking about signal chats and not paying him any attention
Coverage is confusing AF. Just saw signing declaration, and it appears as though its 25% right away. He's also subsidizing US made cars with "tax deductible interest" on car loans. He said "these tariffs are permanent 100%". He seemed to speak for big 3 announcing that they will move "their parts factories to the US", and they have the spare capacity to do so.... but he also said 20 provable lies, so this part is unclear.
Everything depends on automakers actual response, and we can hope that Ontario/Canada pressure for them to make the right choice is done.
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.