Rick Cars President and Executive Director Rita Kis explain how the customs tariff will affect the automotive industry on the Americans on the “Country count”.
A new proposal will allow people to subscribe The benefit of car loan I paid their taxes.
The “United States Automotive and Relevant Law (USA Law)” will allow people to conduct a discount if the car is built in the United States, according to Senator Bernie Moreno, R-OHIO, a sponsor of the bill.
“For decades, the American auto sector has been destroyed by bad commercial deals and bad leaders, who encouraged American manufacturing jobs abroad while we are dumping our market for cheap foreign cars,” Mourino said in a statement on Tuesday.
President Trump announces the tariff of new cars
Former President Donald Trump, the oath, receives Senate candidate Bernie Moreno during a gathering in Vandalia, Ohio on March 16, 2024. (Scott Olson / Getty Images / Getty Images)
“Thanks to President Trump, we finally ensure that every car sold in America is manufactured in America and that working Americans can actually buy a car in the first place. I am proud to drive in the Senate,” he said.
Other types of borrowing, such as student loans, are able to deduct their attention from federal taxes. If it is transferred to the law, the legislation will write down what Trump suggested On the 2024 campaign path.
“I will get an interest on car loans with their fully opponent,” Trump said at the North Carolina march in October during the closing days of the elections. Reuters.
Economic expert “undesirable” for Trump’s tariff plan: This is a “much larger package”
The workers collect the second -generation R1 vehicles at the Rivian Electric Industry facility in Normal, Illinois, on June 21, 2024. (Joel Angel Khuraiz / Photo File / Reuters)
He added, “I will only do that if they build this appointed product – that is, cars – in the United States.”
as Tax and job discounts for 2017 It is scheduled to end this year, and Troubhons of the Future of American Tax Policy has made waves across Washington, especially since Trump also suggested canceling taxes on advice in addition to the additional work wages.
Moreno was elected To the US Senate in November, and they previously managed car agents in Ohio.
Workers collect Jeep Patriot cars and four -wheel drive vehicles at the Chrysler Bellefier Association factory in Illinois on February 2, 2012. (Michael Tercha/Chicago Tribune/Tribune News Service via Getty Images)
The auto industry in the spotlight this week, where the president is scheduled to issue a declaration of “Tahrir Day” tariff on Wednesday afternoon, which is likely to have a significant impact on manufacturing. While the opponents raised concerns about the effect they will cause on auto parts, those who support the definitions argue that it is a catalyst for return Jobs for the United States.
Various car manufacturers, such as Hyundai Motor CompanyIt announced that they would transport some production and investment lines in the United States, citing roaming around possible definitions as one of the reasons. There is a 25 % tariff expected for cars and parts that are manufactured outside the country, according to the White House.
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“America, for us, is the largest market, and then we decided to make the largest investment in the world for $ 12.6 billion,” said Jose Monoz, CEO of Hyundai.Claman countAbout their planned local investments 21 billion dollars.
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