Trump’s Idiot Tariffs are making gasoline powered cars way more expensive, so their sales are plummeting. And they aren’t buying Teslas, Elon Musk has poisoned his own well there. Inexpensive, higher quality Chinese electric cars are close to being imported but the Terrible Tantrum Tariffer isn’t done yet.
The clever tariffs of Trump put a 25% tariff on imported vehicles and auto parts is in place, with some exemptions for vehicles complying with the United States-Mexico-Canada Agreement (USMCA). There’s also a 25% tariff on imported steel and aluminum used in vehicle production. So, I guess domestic automakers should shift production to Japan where they would face only a 15% tariff on their cars when imported here.
This is what you get when a sociopathic idiot is put in charge.
And because people are not buy new cars, as many as one million units this year by the estimates of auto business observers, they are saving their money to buy a better car later, or maybe a used quality car, or maybe one of those Chinese Tesla’s-ass kicking electric cars, which are cheaper than a Tesla (and charge faster and go farther, and … and …).
Uncommon Sense 