The article says this also applies to auto parts. Many of which are made outside the US. This means that even if you buy a car from a US auto maker, tariffs will apply. This also means if you already bought a foreign car, that your insurance will likely increase. This helps no one but Elon who I hate to admit, made the smart move of prioritizing US manufacturing for Tesla. Something I think more companies in the US should do, but here we are.
One of the big things I learned during the pandemic… Vehicle wiring harnesses largely come from Ukraine.
So when Russia invaded, new car supply tanked. People were unable to return lease vehicles because there wasn’t enough new stock to trade in for. Completed vehicles sat unsold because the wiring couldn’t be completed.
Sort of, but not really. The companies have a lot of leeway in court to argue what constitutes a “part”, and that’s why these laws generally don’t have the impact they seem to have from the headlines.
The article says this also applies to auto parts. Many of which are made outside the US. This means that even if you buy a car from a US auto maker, tariffs will apply. This also means if you already bought a foreign car, that your insurance will likely increase. This helps no one but Elon who I hate to admit, made the smart move of prioritizing US manufacturing for Tesla. Something I think more companies in the US should do, but here we are.
One of the big things I learned during the pandemic… Vehicle wiring harnesses largely come from Ukraine.
So when Russia invaded, new car supply tanked. People were unable to return lease vehicles because there wasn’t enough new stock to trade in for. Completed vehicles sat unsold because the wiring couldn’t be completed.
Sort of, but not really. The companies have a lot of leeway in court to argue what constitutes a “part”, and that’s why these laws generally don’t have the impact they seem to have from the headlines.