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Trump announces 25% tariffs on foreign-made cars

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Posted By: Dreadnought, 3/26/2025 5:45:51 PM

President Trump on Wednesday said he will put a 25% tariff on automobiles imported into the U.S., escalating his administration's use of aggressive trade measures in an effort to boost domestic manufacturers. After White House press secretary Karoline Leavitt said the tariffs would be detailed at a 4 p.m. EST by Mr. Trump, Wall Street shuddered, with the S&P 500 tumbling by 1.2% in late afternoon trading. Because tariffs are taxes on imports that are largely passed onto U.S. consumers, they can cause households to cut back on spending and dampen economic growth, according to experts.

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Reply 1 - Posted by: stablemoney 3/26/2025 6:10:30 PM (No. 1921725)
50% of the parts that go into American made cars are foreign made. Even then, American manufacturers have quit making cars, because they have to pay thousands of union workers they don't need to come to work and sit.
1 person likes this.

Reply 2 - Posted by: aasilver 3/26/2025 6:20:23 PM (No. 1921729)
Buy American made cars UNLESS the American manufacturers raise their prices to match the prices raised by the tariffs .
4 people like this.

Reply 3 - Posted by: DVC 3/26/2025 6:23:55 PM (No. 1921730)
My Honda Accord is an American made car. Lots of "foreign cars" are actually American made, like Mercedes, VW and a bunch of others. I like this tariff.
5 people like this.

Reply 4 - Posted by: Sully 3/27/2025 4:53:00 AM (No. 1921833)
A Toyota made in Japan is the most reliable vehicle on Earth. One made in the US or even Canada is good, just not quite as good. ForChryGm vehicles are absolute trash and I would never buy one. Sorry Lpeeps. But by all means protect them. I know they will squander the advantage.
2 people like this.

Reply 5 - Posted by: franq 3/27/2025 5:58:00 AM (No. 1921846)
Guess I better short my Ferrari and Rolls Royce stock...
0 people like this.

Reply 6 - Posted by: NeverVoteDem 3/27/2025 3:33:18 PM (No. 1922049)
Guess I won’t buy that S500 I was looking at./s
0 people like this.

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