Zeets2 » 15 Dec 2024, 10:45 am » wrote: ↑
The fact that is intentionally withheld from that story is that the tariff will ONLY apply to cars imported and NOT to cars that are built here in America. Those prices will not change and that will force car manufacturers elsewhere to either absorb most or all of that tariff themselves, relocate their business to this country, or see their competition sell a similar car for thousands less, costing them a severe drop in sales here, while the government makes billions from the new foreign tariffs.
When a story deliberately tells you only half the story, you can either swallow it all like a gullible fool, or take it upon yourself to learn the truth.
Apparently, you're well ensconced in that first group.
as usual you only see what trump tells you.
------------------------------------------------------------------------------------------------------Mexican parts to build
https://www.10news.com/news/national/ev ... -or-trucks
By: CNN Newsource
Posted 9:51 AM, May 31, 2019
and last updated 9:51 AM, May 31, 2019 Building a car in the United States, and buying one, could get a lot more expensive.Every American auto factory depends on Mexican parts to build its cars or trucks. That's why President Donald Trump's
threat to impose tariffs on Mexican imports of up to 25% by October is rattling the US auto industry. The tariffs could raise costs in the United States by tens of billions of dollars in the auto industry alone.Car buyers would probably pay the cost of those tariffs."We believe the tariffs on vehicles would undoubtedly be passed on to consumers," wrote Emmanuel Rosner, auto analyst for Deutsche Bank. If the Trump administration enforces the full 25% tariff, it would increase the price of vehicles sold in the United States by an average of about $1,300, Rosner said.That price increase would hurt demand for cars, perhaps cutting US auto production by as much as 3 million vehicles a year, an 18% drop from current levels, Rosner estimates.If that happened, it would be the greatest blow to the US auto industry since the Great Recession sent the industry hurling toward near collapse 10 years ago.