President Donald Trump's tariffs have Bengali Archivesalready had a huge impact on the U.S. economy — so much so that the Trump administration appears to be backing off a bit on some tariffs.
As President Trump celebrated the 100th day of his second term, Commerce Secretary Howard Lutnick announced that Trump would ease the 25 percent tariff on automobiles. The move was designed to give car companies an opportunity to move production to the United States.
According to Lutnick, there would even be a way for auto companies to completely avoidtariffs on their vehicles. And a fact sheet issued by The White House yesterday said that vehicles finished in the U.S. with 85 percent or more domestic content would be fully exempt from the automotive tariff.
Interestingly, only one company qualifies for this new tariff exemption: Tesla.
According to the 2024 Made in America Auto Index from Kogod School of Business at American University, only three vehicles hit the 85 percent domestic content threshold: the Tesla Model 3 Performance, Tesla Model Y Long Range, and Tesla Model Y.
The fact that Trump's automotive tariff exemption only benefits Tesla was first noticed by the online automotive news site FuelArc. The outlet also pointed out how oddly specific the 85 percent number was, especially considering that three of Ford's Mustang models have 80% domestic content.
Tesla CEO Elon Musk has been extremely close to the administration, including President Trump himself. Musk openly endorsed and campaigned for Trump during the 2024 election season. Musk also donateda reported $288 million to Trump and other Republicans' campaigns. Musk's relationship with Trump has extended into the administration, with Trump bringing Musk into the fold as a special government employee in order to cut federal programs and spending under DOGE.
However, Musk's coziness with the president has also hurt Tesla. The company recently reported a 71 percent declinein profit amid boycotts and protests against Musk and Tesla. In addition, many liberal Tesla customers appear to be rejecting Musk through Tesla, and a record number of Tesla vehicles have gone onto the resale market this year.
Topics Electric Vehicles Tesla Donald Trump Elon Musk Tariffs
Even Trump's Earth Day message was anti
Dyson Pure Cool air purifier gets better filter and a higher price tag
Coinbase to launch index fund for cryptocurrencies
100 years ago, my ancestor was an actress fighting for the same thing Time's Up wants today
Here's how I feel about all this Stephen Hawking 'news' going around
Amazon admits Alexa's evil laugh is odd, and Alexa has a confession
6 things you can do on International Women's Day to fight for gender equality in 2018
Hey Travis Kalanick, your fund's name is trucker code for pissing
The Best Sports Video Game of All Time
BlackBerry sues Facebook, Instagram, WhatsApp for patent infringement
Best robot vacuum deal: Save over $100 on iRobot Roomba Q0120
WeWork buys digital marketing company Conductor to offer members tools
Geek Squad and the FBI have worked together for at least a decade
Twitter is working to expand its verification to everyone
Waymo stopped Los Angeles man from stealing a driverless car
Martin Shkreli cries before he's sentenced to prison for fraud
Google's SXSW tagline is super tone
New satirical 'beer for girls' becomes what it's trying to mock
Best GPU deal: Get the MSI RTX 5080 for $1,249.99 at Best Buy
Obama in talks with Netflix
Thanksgiving with Laura Ingalls Wilder by Valerie StiversDyson Hot+Cool air purifier deal: $200 off at AmazonThe Siren Song by Nina MacLaughlinWhy is everyone's Spotify Wrapped 'sound town' Burlington, Vermont?Best Fitbit deal: Get a Fitbit Inspire 3 for $69.95 at AmazonGhost Hunting with Edith Wharton by J. Nicole JonesBest carpet cleaner deal: Grab a Bissell for just $89 (save 28%)We Lived Here by Jill TalbotApple settlement: How to claim your part of the $25M payout if eligibleOn Desolation: Vija Celmins’s Gray by John VinclerThe Deceptive Simplicity of ‘Peanuts’10 exercises you can do while playing video gamesBest Fitbit deal: Get a Fitbit Inspire 3 for $69.95 at AmazonThe Siren Song by Nina MacLaughlinDetroit Archives: On Haunting by Aisha Sabatini SloanBest Garmin deal: Garmin Instinct 2S watch on sale for $199.99 at AmazonKeurig Amazon Deal: The Keurig KDetroit Archives: On Haunting by Aisha Sabatini SloanApple settlement: How to claim your part of the $25M payout if eligibleRedux: One Empty Seat by The Paris Review Best generator deal: Save 47% on the Jackery Solar Generator at Amazon NYT's The Mini crossword answers for June 20 NASA spacecraft snaps photos of the most mysterious asteroids Argentina vs. Canada 2024 livestream: Watch Copa America for free OpenAI's former chief scientist has a new startup China vehicle sales to rise in September on stimulus measures, new models · TechNode Oppo launches Find X8 with inverted periscope zoom technology · TechNode How Mars rovers could explore vast uncharted caves Europe will launch a spacecraft to Jupiter. Here's how to watch. China objects to EU tariffs on EV imports, pushes for negotiation · TechNode CATL opens R&D center in Hong Kong as part of $128 million investment · TechNode Spain vs. Italy 2024 livestream: Watch Euro 2024 for free iOS 18: How to lock and hide your iPhone apps Webb telescope just started peering at the fascinating TRAPPIST planets Spain hands $146 million to Stellantis’s battery project with CATL · TechNode Slovenia vs. Serbia 2024 livestream: Watch Euro 2024 for free Get 6 months of Paramount+ with Showtime with this Walmart+ offer Best gaming deal: Get Logitech A30 gaming headset at 26% off More than half of batteries could be produced by recycled lithium · TechNode EU chat control law would allow scans of encrypted messages
1.9893s , 8207.3046875 kb
Copyright © 2025 Powered by 【Bengali Archives】,Miracle Information Network