Hold onto your butts: Tariffs are about to Kick in

[Cellblock2429]

Additionally, if a vehicle is made in the US, that steel, aluminum, copper, etc. are still taxed at a tariff rate, and that cost added to the price of the vehicle.

/----/ "While several automakers got their start making cars in America, you won’t find any vehicles on the market that are 100% American-made1. However, there are still many great American-made cars, and many companies that left have either returned or opened up new avenues of manufacturing in the United States3. In 2025, there are 117 new car and truck models with final assembly in the U.S.5" - Bing

 

[Zincwarrior]

/----/ "While several automakers got their start making cars in America, you won’t find any vehicles on the market that are 100% American-made1. However, there are still many great American-made cars, and many companies that left have either returned or opened up new avenues of manufacturing in the United States3. In 2025, there are 117 new car and truck models with final assembly in the U.S.5" - Bing

And you will pay more for them.

 

[Cellblock2429]

And you will pay more for them.

/---/ A small benefit in the BBB. The new law stipulates that new auto owners can establish a new tax deduction up to $10,000 for annual interest paid on new car loans from their income.

Anyone in the market for a car will soon be able to write off fees for their purchase as a tax exemption. The Senate GOP-backed version of Trump’s One Big Beautiful Bill Act includes provisions that will make it easier to purchase a new automobile, though not all cars qualify.

Ride and Write-Off​

The new law stipulates that new auto owners can establish a new tax deduction up to $10,000 for annual interest paid on new car loans from their income. The tax break is temporary and would last from 2025 through 2028. Auto owners won’t have to itemize to take advantage of the write-off.

The perk, however, prioritizes individuals who have a modified adjusted gross income of under $100,000, with the deduction value falling off for those who make more and joint filers who make over $200,000. The deduction falls $200 for each $1,000 of income over the thresholds.

What Cars Qualify?​

To qualify, the car must be new with a final assembly in the United States, which rules out models from popular imports like Nissan and Toyota. Roughly half of the new vehicles sold in America have final assembly in the country, according to Cars.com, and include certain models from brands like Tesla, Volkswagen and Jeep.

While many cars are assembled in America, they still require imported parts. The most “American-made” cars, according to Cars.com’s American-Made Index, are as follows:

• Tesla Model Y, assembled in Fremont, California, and Austin, Texas
• Tesla Model X, assembled in Fremont, California
• Tesla Model S, assembled in Fremont, California
• Honda Passport, assembled in Lincoln, Alabama
• Honda Odyssey, assembled in Lincoln, Alabama
• Honda Ridgeline, assembled in Lincoln, Alabama
• Volkswagen ID.4, assembled in Chattanooga, Tennessee
• Toyota Camry, assembled in Georgetown, Kentucky
• Jeep Wrangler, assembled in Toledo, Ohio
• Lexus TX 350, assembled in Princeton, Indiana

 

[Admiral Rockwell Tory]

You're missing the picture on how protectionism works. Tariffs don't lower the cost of manufacturing things in America. They make the higher cost American-made product competitive with the now more expensive foreign made item.

For example, if an automaker can import a car from Mexico and sell it for $35,000 and make a profit but manufacturing that car in the U.S. would require a $40,000 selling price to turn a profit, the American car buyer's wallet will still be hit if manufacturing is moved to the U.S.

Where did you get that I don't understand that? My statement was a simple fact. Buy American and you will not have to worry about tariffs. The only major items that I buy now that are not produced in America are for things we no longer build, like TVs, appliances, and computers.

My father worked in a factory that built washing machines and dryers for most of his life. My uncle worked there also. The company is now owned by China. I try to avoid China like the plague, but sometimes you cannot until we level the playing field.

 

[Admiral Rockwell Tory]

And you will pay more for them.

I bought my last car in 2024 unless something bad happens to either of them. My last car cost more than the last two combined.

Your mileage may vary.

 

[Cellblock2429]

Where did you get that I don't understand that? My statement was a simple fact. Buy American and you will not have to worry about tariffs. The only major items that I buy now that are not produced in America are for things we no longer build, like TVs, appliances, and computers.

My father worked in a factory that built washing machines and dryers for most of his life. My uncle worked there also. The company is now owned by China. I try to avoid China like the plague, but sometimes you cannot until we level the playing field.

/----/ Back when I was 15 years old, I could only dream.

 

[Admiral Rockwell Tory]

/----/ Back when I was 15 years old, I could only dream.
View attachment 1134661

Not on my dream list yet! I was 5 years old, but my parents bought another Ford classic that model year that I got when I was 16 later. It was the Galaxie 500 with a 357 under the hood. I drove it while I was enlisted in the Navy and passed it on to my brother. When I graduated from college, I wanted it back as a second car for my wife, but my Dad sold it to a neighbor.

 

[justoffal]

So we are about to have TACO Tuesday.....

All you can eat?

 

[The Irish Ram]

It is called Fair trade. Or are you satisfied with continuing to take it up the rear by every country that feels like "taxing" us out of their markets?

 

[marvin martian]

I hope you bought everything you needed. The shitstorm is about to hit.

Trump’s ‘reciprocal’ tariff pause is about to expire. Cue the confusion | CNN Business

The 90-day deadline President Donald Trump set for countries to make trade deals with the United States or risk substantially higher tariffs is just days away. What will happen after that’s reached at 12:01 a.m. ET on July 9 is anyone’s best guess.

amp.cnn.com

Trump’s ‘reciprocal’ tariff pause is about to expire. Cue the confusion​

By Elisabeth Buchwald, CNN
Published 4:00 AM EDT, Sun July 6, 2025

Alex Wong/Getty Images
Charts that show America's “reciprocal tariffs” on display in the press briefing room at the White House on April 2 in Washington, DC.
CNN —
The 90-day deadline President Donald Trump set for countries to make trade deals with the United States or risk substantially higher tariffs is just days away. What will happen after that’s reached at 12:01 a.m. ET on July 9 is anyone’s best guess.

The stakes could not be higher, with the entire global economy on notice.

On April 2, a date Trump dubbed “Liberation Day,” he unveiled new, “reciprocal” tariff rates for key US trading partners, with some levies as high as 50%. Collectively, the rates were the highest the US has charged on foreign goods in over a century. Economists quickly sounded alarms about a recession hitting not just certain countries, but rather the whole world.

Hahahahahahahaha!

 

[JWBooth]

"The sensible, reasonable thing to do." Milton Friedman