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    Automakers brace for 'massive' impact of US Administration's tariffs
    Futurology

    Automakers brace for ‘massive’ impact of US Administration’s tariffs

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    19 Comments

    1. nimicdoareu on

      Your next car purchase is probably going to be more expensive, thanks to President Donald Trump.

      Around 5.3 million vehicles are built in Canada and Mexico, 70 percent of which are destined for the United States. Those vehicles will soon be subject to 25 percent tariffs, which were just announced by the Trump administration.

      And the companies paying the higher price to import those vehicles are very likely to pass that cost along to the consumer — to you.

    2. nopoonintended on

      Bought a brand newcar end of November and now hoping it keeps its value better as a result lol

    3. Down_To_My_Last_Fuck on

      Bracing to fuck their customers to their maximum benefit and blame it on the tariffs is what they meant to say.

    4. big_dog_redditor on

      You can sure as shit bet my next few cars wont be American. And the best part is this is only going to hurt poor Americans, not the really rich. So many idiots!

    5. Heisenberg_Wernher on

      Plot twist: This isn’t about ‘protecting American workers’ or ‘unfair Canadian subsidies’ – it’s about Trump being Elon’s little errand boy. This is all Elon’s elaborate scheme to make Tesla’s $50k Model 3 look like a ‘budget option’ when all other car prices double. Tesla has mostly vertically integrated their supply chain so this will make it the ‘affordable American-made option’.

      Edit: To the ‘well actually’ crowd screaming Tesla’s Mexican/Canadian supply chain – you’re missing the point. It was never about making Tesla cheaper, it was about making everyone else as expensive as Tesla already was. Suddenly Tesla’s pricing will look much more competitive when their “luxury” pricing becomes the new normal, and they benefit from already having established that price range in every consumer’s mind.

    7. niberungvalesti on

      Only a Republican President could institute a straight tax increase on Americans within two weeks in office.

    8. OpineLupine on

      Trump’s tariffs ~~fuck~~ *will negatively impact* American consumers, American manufacturers, American workers, our supply chain partners in Canada and Mexico, and all of the foreign automobile manufacturers we convinced to build plants in the US to employ American workers.

      * Hyundai has a plant in Alabama.
      * Honda has plants in Ohio, Indiana, and Alabama.
      * Toyota has plants in California, Kentucky, Missouri, Indiana, West Virginia, Alabama, Tennessee, Texas, Mississippi, and North Carolina.
      * BMW has a plant in South Carolina.
      * Mercedes has a plant in Alabama.
      * Volkswagen has a plant in Tennessee.

      All of them have supply chain partners in Mexico and/or Canada.

    9. PontiacMotorCompany on

      Hopefully domestic competitors are allowed to flourish with the reduction of regulations. That’s the only way these tariffs will work.

    12. NotTroy on

      I don’t know how the auto industry as we know it survives this. The consumer is already dealing with the most expensive cars in history. Now they’re going to jump by another ~20%. Meanwhile energy prices are also going to go up ~10%. Who in the right mind is going to be buying a new car over the next several years? I’m not going to be at all shocked if at least one or two major automakers go belly up in the next 5 years.

    18. ImBecomingMyFather on

      I’m wagering Cheeto backs down tomorrow or makes some concession he thinks is a win…