Lotus halt all delivery to the US.

[Jinba ittai]

Don't think that's the way the tariff works. If the car is imported, it is taxed 25%, regardless of whether or not it contains some US-sourced parts. The parts only matter for cars built in the USA.

I can’t speak to Oz or the UK, but this is how it currently works for the US tariffs on Canada. They are deducting out the percentage of American parts in the car. It might be different by next week though.

 

[Nick in Sydney]

I can’t speak to Oz or the UK, but this is how it currently works for the US tariffs on Canada. They are deducting out the percentage of American parts in the car. It might be different by next week though.

I think that's just a special exception for Canada and Mexico because of the CUSMA agreement. AFAIK, it does not apply to cars made in Europe, UK, China, Korea, etc. But who knows? Trump could easily change his mind if he wakes up in a good mood tomorrow.

 

[Tomwa]

Don't think that's the way the tariff works. If the car is imported, it is taxed 25%, regardless of whether or not it contains some US-sourced parts. The parts only matter for cars built in the USA.

The tariff is also targeting "Imported Parts", which is all aside from the Steel and Aluminum tariffs. Which, even if the US starts producing more of its own, will still be more expensive (even if you did it entirely with robots) because no-one is incentivized to sell you 10 dollar block of aluminum when an imported one costs 15. They'll sell it to you at 14, and you'll be glad for it.

They knew that if they left the 'parts' loophole open, you'd have cars shipped with whole assemblies ready to be put together like literal legos and "final assembly" in the US would be like 8 bolts and then put wheels and tires on it to get 'american made'

 

[ShootingSight]

As with any law, you get one or two smart people writing it, but you get 1,000,000 people trying to figure a way around it, and eventually odds are that someone will, then everyone copies. Car dealers have a 'holdback'. There is MSRP, then there is 'Dealer Cost' that is printed on the receipt to the dealer, but then there is a bonus the manufacturer pays the dealer of maybe $ 2,000 per vehicle sold at the end of the month. This way, a hard bargaining customer might be proud that he negotiated a price only $100 above dealer cost, but the dealer still made $2,100 on the sale.

So how about doing that backwards: Lotus UK sells an Emira to Lotus USA for $ 100 that is subject to $25 tariff, but they charge Lotus USA $99,900 licensing fee per car for using the trademark name 'Lotus' ....

 

[Orchardbike]

Jaguar/Land Rover are halting all car shipments to the US (source BBC News)

 

[cwfg]

Jaguar/Land Rover are halting all car shipments to the US (source BBC News)

Read that too. Unless Trump backdated any new deal, no one wants to get caught in the interim where tariffs are payable. If I had a new car on order, even if it were at the factory waiting to ship I’d rather let it sit there in the hopes a deal will come shortly. I feel for all US customers with imminent deliveries.

 

[MiamiBlue]

If you think it's bad here checkout the Jaguar and Landrover forums. They've had their orders from the UK stopped too.

 

[Biggles of Norwich]

Jaguar/Land Rover are halting all car shipments to the US (source BBC News)

The word used was "pausing", although it's a very subtle difference.

 

[Dino67]

I suspect more companies are going to suspend or curtail deliveries for the near term. What company wants to risk importing thousands of cars with a 25% tariff only to learn the tariff gets rescinded the next day. It's going to impact production of US built autos with significant foreign parts when the tariff on auto parts starts May 3.

 

[Eagle7]

According to this article the tariff right now for the U.K. is 10%. but negotiations are still going on to get it down even further.

Trump Says UK PM 'Very Happy' With Britain Being on Minimum Tariffs

Trump had "a very good dialogue" with Britain's PM who was "very happy" that his country wasn't on the U.S. list of punishment tariffs.

www.breitbart.com

 

[robrmon]

Cars are 25% tariff regardless of country specific ones, such as UK at 10%

 

[weihnachts]

do the tariffs add up on each other too? such that an emira coming to the US would actually be subject to a 35% tariff (= 10% [because UK] + 25% [because foreign car])?

(sorry if this has been covered, i’m following a lot of these tariff threads on multiple car fora and can’t keep them straight anymore).

 

[Nick in Sydney]

do the tariffs add up on each other too?

No, the reciprocal tariff doesn't stack on top of the 25% auto tariff.

Here's the official policy statement from the White House:

• Some goods will not be subject to the Reciprocal Tariff. These include: (1) articles subject to 50 USC 1702(b); (2) steel/aluminum articles and autos/auto parts already subject to Section 232 tariffs; (3) copper, pharmaceuticals, semiconductors, and lumber articles; (4) all articles that may become subject to future Section 232 tariffs; (5) bullion; and (6) energy and other certain minerals that are not available in the United States.

 

[Eagle7]

Cars are 25% tariff regardless of country specific ones, such as UK at 10%

Right but the point was negotiations are still going on.

 

[Six Speed Stephen]

Hopefully UK is next

 

[EspritGuy]

Hopefully UK is next

Anyone have evidence that US dealers have raised prices on existing lot inventories? Or that lot supplies are presently selling fast?

 

[F1 SML8R]

Can't answer the first, but I can tell you supplies are absolutely not moving fast. How do I know? I just purchased mine about a week ago and called all 35+ dealers in the US and continue to track out of curiosity. Even with the 3.99% interest rate promo, cars still are not moving. I think a handful of units have moved across the country. However, the big inventory holders like SLC, Galpin, Naples, earth motors, etc., largely have the identical bloated inventories.

 

[RoryBellows]

Can't answer the first, but I can tell you supplies are absolutely not moving fast. How do I know? I just purchased mine about a week ago and called all 35+ dealers in the US and continue to track out of curiosity. Even with the 3.99% interest rate promo, cars still are not moving. I think a handful of units have moved across the country. However, the big inventory holders like SLC, Galpin, Naples, earth motors, etc., largely have the identical bloated inventories.

The counter to this is that I picked up my V6 manual on Friday and all the other cars in that delivery are now removed off the dealer site and seemingly sold already.

 

[tvs_1320]

With my ordered car not built yet, I contacted my dealer about what they had heard. There were a pretty decent number of 2025 Base 6MT cars at port that were available.

Now I'm wondering if these were all orphaned cars, or if they were speculative builds. If they were speculative, why didn't they build cars for the confirmed orders/depositors first?

 

[RoryBellows]

Theres probably a mix. Most cars will come in as an ordered car. Some people will take them and some will pass. Lots of people are losing lots of money in the market now so there will for sure be some orphans. I just did an autotrader check and Lotus of Woodlands put their inventory of 25s on there. Looks like they have a really nice zinc on red spec listed. I imagine since they took the time to take real pictures they are actually for sale and not holds for orders.