12 Mar 2025 04:00
BREAKING NEWS: US Automakers Granted 30 Day Tariff Exemption!
Summary
In this episode, The Car Chick discusses the recent tariff situation affecting the automotive industry, particularly focusing on the one-month exemption granted to major automakers. The Car Chick explains the existing USMCA trade agreement, the challenges posed by new tariffs, and the potential impact on vehicle production and pricing. The episode concludes with which vehicles will be the most affected by tariffs, as well as insights on how consumers should navigate the current market conditions.
Takeaways
- The big three automakers received a one-month exemption from tariffs.
- The USMCA requires 75% of vehicle parts to be sourced from North America.
- Tariffs could increase vehicle costs for consumers by $4,000 - $12,000.
- The tariffs could lead to a loss of millions of US jobs.
- Many vehicles will be affected by the new tariffs.
- Consumers should consider buying cars sooner rather than later.
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