"Inside the Auto Tariff Battle: What Washington Is Not Saying Out Loud"
This substack is from a auto industry insider: Inside the Auto Tariff Battle: What Washington Is Not Saying Out Loud A friend of mine who lives in the thick of Washington called me this week. What he said made me sit up straight. The news is spinning a safe version of what is happening. They are missing the real pulse. Right now, April 2025, the Trump administration has dropped a hammer. ... Some midsize SUVs and pickup trucks are quietly getting new sticker prices. The big jump is expected by June. Most insiders are whispering five to fifteen percent increases depending on the model. Some high-volume imports could climb even higher.CR Note: From ABC News this morning: Trump to ease tariffs faced by US automakers President Donald Trump is set to provide tariff relief for carmakers on Tuesday, just weeks after the onset of auto levies triggered warnings of price increases. An administration official confirmed that the 25% tariff on finished foreign-made cars and parts will remain -- but today's announcement will prevent tariffs from stacking on top of other tariffs he's imposed, such as duties on steel and aluminum. Trump's 25% tariff on foreign auto parts goes into effect on Saturday and automakers will also be reimbursed for those tariffs up to an amount equal to 3.75% of the value of a U.S.-made car for one year. Reimbursement would fall to 2.5% of the car's value in a second year, and then completely phased out altogether. emphasis added
This substack is from a auto industry insider: Inside the Auto Tariff Battle: What Washington Is Not Saying Out Loud
A friend of mine who lives in the thick of Washington called me this week. What he said made me sit up straight.CR Note: From ABC News this morning: Trump to ease tariffs faced by US automakers
The news is spinning a safe version of what is happening.
They are missing the real pulse.
Right now, April 2025, the Trump administration has dropped a hammer.
...
Some midsize SUVs and pickup trucks are quietly getting new sticker prices.
The big jump is expected by June.
Most insiders are whispering five to fifteen percent increases depending on the model.
Some high-volume imports could climb even higher.
President Donald Trump is set to provide tariff relief for carmakers on Tuesday, just weeks after the onset of auto levies triggered warnings of price increases.
An administration official confirmed that the 25% tariff on finished foreign-made cars and parts will remain -- but today's announcement will prevent tariffs from stacking on top of other tariffs he's imposed, such as duties on steel and aluminum.
Trump's 25% tariff on foreign auto parts goes into effect on Saturday and automakers will also be reimbursed for those tariffs up to an amount equal to 3.75% of the value of a U.S.-made car for one year. Reimbursement would fall to 2.5% of the car's value in a second year, and then completely phased out altogether.
emphasis added
