Win McNamee via Getty Images The US will append a 25 percent tariff on top of any existing tariffs on all cars produced outside its borders. Additional fees will be imposed on imported components too like engines, transmissions, powertrains and electrical components. There’s a number of carve outs for US-based companies, as well as those sourcing gear from Mexico and Canada. But the move has been taken under the guise of “protecting” America’s car industry from imports. Of course, hefty tariffs are no guarantee consumers will flock to buy American if other brands are pricier. We’ve been here before: […]
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