Davriellelouna@lemmy.world to News@lemmy.world · 5 months agoDonald Trump announces 30% tariffs on goods from the EU and Mexicowww.theguardian.comexternal-linkmessage-square13fedilinkarrow-up182arrow-down11cross-posted to: world@lemmy.world
arrow-up181arrow-down1external-linkDonald Trump announces 30% tariffs on goods from the EU and Mexicowww.theguardian.comDavriellelouna@lemmy.world to News@lemmy.world · 5 months agomessage-square13fedilinkcross-posted to: world@lemmy.world
minus-squareSippyCup@feddit.nllinkfedilinkEnglisharrow-up15arrow-down1·5 months agoWell all your American made cars just got more expensive. GM and Ford both do most of their manufacturing in Mexico. Weirdly Hyundai, Kia and Subaru all manufacture cars domestically. So foreign cars are now the cheaper option.
minus-squareiAmTheTot@sh.itjust.workslinkfedilinkarrow-up8arrow-down1·5 months agoAll your everythings just got more expensive.
minus-squareLembot_0004@discuss.onlinelinkfedilinkarrow-up6arrow-down3·5 months agoNo, actually. Your life has become cheaper.
minus-squarejeffw@lemmy.worldMlinkfedilinkarrow-up4·5 months agoThe best estimates I can find place the work closer to 1/3rd in Mexico. With that being said, this specific tariff shouldn’t impact car prices because they would be exempt under USMCA. However, Trump’s steel tariffs will impact car prices.
Well all your American made cars just got more expensive. GM and Ford both do most of their manufacturing in Mexico.
Weirdly Hyundai, Kia and Subaru all manufacture cars domestically. So foreign cars are now the cheaper option.
All your everythings just got more expensive.
No, actually. Your life has become cheaper.
The best estimates I can find place the work closer to 1/3rd in Mexico.
With that being said, this specific tariff shouldn’t impact car prices because they would be exempt under USMCA. However, Trump’s steel tariffs will impact car prices.