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Honda is a big winner with 3 million cars a year and 70% of production in the US. US auto workers will also win as plants will ramp up production and overtime.
by hnburnsy 2y ago
Honda is a big winner with 3 million cars a year and 70% of production in the US. US auto workers will also win as plants will ramp up production and overtime.
Side note, fascinating to see the evolution of the headline from Bloomberg:
Initial Headline...
Most carmakers stand to lose as trumps tariffs spread the pain
When posted at HN...
Elon Musk Is One of the Few Winners from Trump Auto Tariffs
Current...
Musk’s Tesla One of the Only Winners From Trump Car Tariffs
- aurareturn 2y agoBiggest loser is of course, car buyers.
- hnburnsy 2y agoUsed car sellers might be winners.
- dzhiurgis 2y agoShort term. In long term this increases competition with European car makers (equalises tariffs) which in theory should result in better cars.
- aurareturn 2y agoWhy would this increase competition? Tesla is going to sell automatically. They don’t have to compete as hard.
- dzhiurgis 2y agoYou are forgetting EU is charging higher tariff for US vehicles, this basically equalises which equalises the game. This gives a push for likes of VW catch up with Tesla and start making competitive cars