American automobile manufacturers will obtain some relief from the president of the United States, Donald Trump, according to a new informative sheet of the White House. Before their new executive order, manufacturers had to pay a 25 percent rate on any piece in any assembly vehicle in the United States. Now, they can deduce up to an amount equal to 3.75 percent of the price of a new car made in the US. Until April 30, 2026 and 2.5 percent until April 30, 2027. In addition, car manufacturers must only pay), pay in steels.
According to the reports, the new rules were presented at the request of the manufacturers, who said they need time to transfer the production of pieces to the United States. “We only wanted to help you kill this little transition, in the short term. We wanted to penalize them,” Trump told reporters.
3.75 percent figures were reached by multiplying 15 percent of the imported parts that constitute the sale price of a vehicle for the current 25 percent import tax. So, if a $ 40,000 car had $ 6,000 or 15 percent of the imported parts, the manufacturer would not effectively pay tariffs, but any higher percentage of foreign parts would result in some tariffs. The White House said the reimbursements would not cost taxpayers, since they had left the rates collected.
The White House noted that the US trade deficit. UU. In Auto Parts it was $ 93.5 billion in 2024. A large part of the ($ 19.5 billion) came from Canada, and a large number of US vehicles are also built. However, the reason why American car manufacturers make cars and car parts in Canada is because it is cheaper, largely due to the high cost of medical care of employees in the United States. So, even if automobile manufacturers manufacture more parts in the US.
The average price of a new vehicle in the US. It was $ 47,462 last month, coordination to Associated Press. An outstanding analyst predicted that the original rates of 25 percent could $ 4,711 at the cost of a vehicle, while increasing the cost of property and maintenance.