Just a coincidence that the only company that currently fits the criteria is Tesla then.
Everyone else can start rearranging their supply chains and building new factories to comply. Easy peasy right? Be up and running in a few weeks, at most, right?
With the assumption of course that tariffs won't change before new factories even have come online in a less optimal place. I'd be hard pressed to invest huge amounts of money like that when we are on tariff policy change 80-something in 100 days while I also hearing about imminent "trade deals".
I think Honda already has like 75% American parts in the cars they produce in Indiana. It was actually listed on the Acura ILX I bought from them awhile back.
Genuinely curious why? I live in the USA, but nowhere near any place they make cars. So I have not much interest in helping those folks, fine though I'm sure they are. I'd rather have a Japanese made Honda because it'll likely have higher reliability.
According to many other comments the title is misleading, everyone has to pay tariffs on the portion of the vehicle that is not US or a NAFTA member source. Besides all Tesla's sold in the US are manufactured in the US. There would be zero reason for Tesla to pay a tariff on anything but parts.
Curious - If this exact act had been done under the Obama or Biden administrations, would you still hold the same opinion ? Tesla was still a love child at that time.
Many companies like Honda are now moving part of domestic production to the US.
If Obama was best buds with Elon and telling the USA to buy Teslas and calling any vandalism against Tesla terrorism and campaigning together and doing Oval Office press conferences together and having Thanksgiving dinner together and letting Elon run a made up government agency?
Come on. It’s blatant corruption in broad daylight. Don’t try and both sides it.
But to answer your question directly if Obama had declared a fake economic emergency to consolidate power to himself and used that emergency power to abruptly pass a series of sweeping tariffs with no clear strategy or messaging and then selectively rolled back some of those tariffs in a way that only benefitted a specific company. Yes. I would feel the same.
Everyone else can start rearranging their supply chains and building new factories to comply. Easy peasy right? Be up and running in a few weeks, at most, right?