In a major policy shift, U.S. Commerce Secretary Howard Lutnick announced that vehicles with 85% or more domestic content will be fully exempt from new tariffs on automobiles. That’s a steep threshold, and as of today, there’s only one automaker that qualifies for the exemption: Tesla.
Seems rather intentional.
I’m surprised they didn’t set the threshold at 82.49%, get that Cybertruck in there for the government’s own duty-free store.
Like, that Honda is built in Alabama, the automakers here are probably going to think that the USA is a basket-case market that should be avoided, rather than a market to invest more in. The Honda is built in Alabama BECAUSE our previous automotive manufacturing policy was effective. Doing a rug-pull on the companies that play ball is dumb as all get out.
God, I’m getting mad about it. Excuse me. I’m a hot-head on trade policy I guess.
Pshaw! I’m sure it’s completely coincidental!
/s just in case
WHATEVER DO YOU MEAN, SIR! I AM OUTRAGED BY THE SHEER IMPLICATION! HE WOULD NEVER!
Caps as stand-in for Victorian levels of indignation