https://www.taxpolicycenter.org/taxvox/what-trumps-100-percent-auto-tariff-would-mean-us-economy
What Trump's 100 Percent Auto Tariff Would Mean For The US Economy
In a March 17 campaign speech, former president Trump vowed "We're going to put a 100 percent tariff on every single car that comes across the line, and you're not going to be able to sell those guys if I get elected."
Trump was not clear about the target of his tariffs, but what would the consequences be of a 100 percent tax on imported autos?
Conflicting Plans
It could be catastrophic. At a time when so many worry about inflation, past experience with other goods suggests a tariff likely would drive up the cost of motor vehicles, domestic as well as imports, used cars as well as new. And rather than add jobs, as Trump insists, these tariffs likely would send thousands of US workers to the unemployment line.
In his March 17 speech, he implied he'd levy the 100 percent import tax only on Chinese nameplate vehicles made in Mexico. But, while the world's top seller of EVs, Chinese automaker BYD is exploring whether to produce electric vehicles in Mexico, it curently sells none in the US.
At other times, Trump proposed very different import taxes. He's promised a 10 percent tariff on all imported goods, a 50 percent tariff on all imported Chinese cars, and a 60 percent tariff on all Chinese goods. Listen here for Trump's own explanation of how he views tariffs.
It also is not clear whether Trump would tax imports of autos only or also include component parts. The 25 percent tariffs Trump imposed on Chinese steel imports in 2018 did target materials used to manufacture other products and it seems reasonable to assume any new levy would do the same.
Tariffs attempt to force Amercans to buy overpriced inferior products to support auto unions.
i
https://www.kbb.com/cars/
Very few Ameican cars on this list. Instead of demanding auto companies sink or swim based on results our government trie to force them upon us.
But of coure tariffs arent the same as price fixing. Controlling prices and isolationism, by jingo.
What Trump's 100 Percent Auto Tariff Would Mean For The US Economy
In a March 17 campaign speech, former president Trump vowed "We're going to put a 100 percent tariff on every single car that comes across the line, and you're not going to be able to sell those guys if I get elected."
Trump was not clear about the target of his tariffs, but what would the consequences be of a 100 percent tax on imported autos?
Conflicting Plans
It could be catastrophic. At a time when so many worry about inflation, past experience with other goods suggests a tariff likely would drive up the cost of motor vehicles, domestic as well as imports, used cars as well as new. And rather than add jobs, as Trump insists, these tariffs likely would send thousands of US workers to the unemployment line.
In his March 17 speech, he implied he'd levy the 100 percent import tax only on Chinese nameplate vehicles made in Mexico. But, while the world's top seller of EVs, Chinese automaker BYD is exploring whether to produce electric vehicles in Mexico, it curently sells none in the US.
At other times, Trump proposed very different import taxes. He's promised a 10 percent tariff on all imported goods, a 50 percent tariff on all imported Chinese cars, and a 60 percent tariff on all Chinese goods. Listen here for Trump's own explanation of how he views tariffs.
It also is not clear whether Trump would tax imports of autos only or also include component parts. The 25 percent tariffs Trump imposed on Chinese steel imports in 2018 did target materials used to manufacture other products and it seems reasonable to assume any new levy would do the same.
Tariffs attempt to force Amercans to buy overpriced inferior products to support auto unions.
i
https://www.kbb.com/cars/
Very few Ameican cars on this list. Instead of demanding auto companies sink or swim based on results our government trie to force them upon us.
But of coure tariffs arent the same as price fixing. Controlling prices and isolationism, by jingo.
I have found theres only two ways to go:
Living fast or dying slow.
I dont want to live forever.
But I will live while I'm here.
Living fast or dying slow.
I dont want to live forever.
But I will live while I'm here.