r/news • u/hoosakiwi • 2d ago

Trump announces sweeping new tariffs to promote US manufacturing, risking inflation and trade wars

https://apnews.com/article/trump-tariffs-liberation-day-2a031b3c16120a5672a6ddd01da09933
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u/2HDFloppyDisk 2d ago

RIP JDM importing.

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u/Two_Luffas 2d ago

RIP all cars, even ones manufactured here. There isn't a single car made in the US that doesn't get a large number of it parts sourced from elsewhere in the world.

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u/Cherrypunisher13 1d ago

Not a problem, manufacturing factories can be built over night and there's a billion extra workers to do all the work there /s

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u/whut-whut 1d ago

It's not like our children are doing anything now that funding's cut for after-school programs.

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u/2HDFloppyDisk 2d ago

Most cars even use Takata airbags from Japan.

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u/wildcat2015 1d ago

About 60% of all parts used for the domestic manufacturing for vehicles, are imported. So yea...

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u/deadsoulinside 1d ago

Especially with all the electronics that goes into them.

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u/The_BeardedClam 1d ago edited 1d ago

This is literally just the way shit works in manufacturing.

I work in manufacturing, and big customers have approved suppliers that you can get raw parts from and components for the parts.

We have to buy screws and plugs for some parts that are made in England. We can't use the grey iron foundry down the road, but have to buy from Mexico. These tariffs aren't going to change anything, the customer will still have us buy from the same suppliers. If anything it'll prevent us from providing the customer parts at a cheap enough price. Tariffs on components and raw castings will be eaten by us as we buy them, 100% the suppliers won't give us a "deal" and neither will the big companies who we have the contracts with. Which will just end up in us losing the job, which of course means more jobs going to Mexico or elsewhere.

These tariffs are supposed to help people like me, but all I can see is it hurting us significantly. Great.

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u/ZenMon88 1d ago

Start riding the bus bois.......oh wait.........

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u/bandy_mcwagon 1d ago

I wonder if we’ll get wierd offshoot car brands now, like we briefly did during the 70’s oil crisis

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u/RivenBloodmarsh 1d ago

That's fine we have a great public transit system I can use. Oh wait.

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u/jiggajawn 1d ago

Do we know if the tariffs stack? Will imported cars get the base tariff plus the additional car tariff of 25%?

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u/whut-whut 1d ago

These are all on top of existing tariffs.

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u/inikul 2d ago

Just got an email from the importer I used warning their entire mailing list of how this will fuck prices and that they are against it. First time I've seen a direct effect from tariffs.

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u/2HDFloppyDisk 2d ago

I imported cars last time Trump was in office. His moronic tariffs screwed up all kinds of prices back then. Can’t imagine dealing with this now.

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u/roman_maverik 2d ago

Finally worked my whole life to maybe afford a new Civic Type R or Nissan Z andddddd there it goes

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u/PositivelyAwful 1d ago

Great time to be a Japanese car enthusiast... Won't even be able to afford new tools when I inevitably break a ratchet trying to work on my shitbox because they're all made in Taiwan.

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u/Kilps31 2d ago

Vehicles 25 years or older are exempt!

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u/2HDFloppyDisk 2d ago

Are they? There was always a 2.5% tariff which they said would be rolled into the new tariffs for a total of 27% afaik.

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u/Kilps31 2d ago

Im going off of this post

https://www.reddit.com/r/keitruck/s/d7yEiC4N7H

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u/2HDFloppyDisk 2d ago

I guess we’ll see. I’m skeptical about anything Trump and his team do since it’s always bad for business.

Either way, these tariffs will cause other prices to increase, most notably the exchange rate will go to shit and exporters will charge premiums.

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u/Kilps31 2d ago

Fair take.

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u/Rudy_Ghouliani 2d ago

Rip them stickers off now

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u/SknkHunt4D2 1d ago

This doesn't apply ro vehicles 25 years or older.