Tariffs on Emira in US?

[Johnson]

He's referring to an equalization in tariffs. The UK applies a 10% tariff on cars imported from the US. On top of the 10% tariff, a 20% Value Added Tax (VAT) is levied on the total value of the car at the point of entry, which includes the car's cost, shipping, insurance, and the tariff itself. For example, a $30,000 U.S.-made car would incur a $3,000 tariff, bringing the taxable value to $33,000, then add $6,600 in VAT, making the total landed cost $39,600 before other fees (like registration). It seems reasonable that we would charge them the same.

VAT is applied to (almost) everything in the UK, so not relevant to the tariff discussion. It’s an internal tax, not a trade-related one.

I’m still a bit baffled how Trump — someone who obviously has no understanding of simple economics — is allowed to single-handedly set new taxes without pushback. Why aren’t Americans rioting in the streets?

 

[Emira Fan]

someone who obviously has no understanding of simple economics — is allowed to single-handedly set new taxes without pushback.

Well, the issue is the US Government is a staggering ~37 Trillion dollar in debt and this debt grows about 2 to 3 Trillion every year. The US is well past the point of an economic crisis and measures need to be taken ASAP.

 

[Jinba ittai]

VAT is applied to (almost) everything in the UK, so not relevant to the tariff discussion. It’s an internal tax, not a trade-related one.

I’m still a bit baffled how Trump — someone who obviously has no understanding of simple economics — is allowed to single-handedly set new taxes without pushback. Why aren’t Americans rioting in the streets?

If they’re applying VAT to domestic vehicles and imports alike then that seems fair to me. I figured this was more of the trade imbalance stuff - that’s why he’s upset with Canada. I don’t think there’s anything inherently wrong with it though. I buy more from my grocery store than they buy from me - no reason that isn’t mutually beneficial. Anyway, back to the cars.

 

[crainp]

VAT is applied to (almost) everything in the UK, so not relevant to the tariff discussion. It’s an internal tax, not a trade-related one.

I’m still a bit baffled how Trump — someone who obviously has no understanding of simple economics — is allowed to single-handedly set new taxes without pushback. Why aren’t Americans rioting in the streets?

Tariffs will bring higher costs, thus inflation, plus retaliation=more higher costs and prices. Likelihood of slowing economic growth globally, possible recession. If only one person had actually passed a remedial economics class....

 

[Jinba ittai]

Tariffs will bring higher costs, thus inflation, plus retaliation=more higher costs and prices. Likelihood of slowing economic growth globally, possible recession. If only one person had actually passed a remedial economics class....

Alienate the US from all their allies and weaken their economy. Almost sounds like an aim of the Russians.

 

[crainp]

Alienate the US from all their allies and weaken their economy. Almost sounds like an aim of the Russians.

Agent Orange on the job.

 

[Six Speed Stephen]

Shouldn't you at least wait and see what the actual impact is on Emira cost before you rage quit on it?

Agreed, politics aside, there are a number of lightly used V6 Emiras available out there. If you don't want to spend $140K on an Emira with tariffs there are some going for mid 80s to low 90s.

LOL that guy was never going to buy an Emira. Just needed an excuse to avoid saying he can’t afford it.

 

[UCLAFC]

Emailed my dealer and they said my MSRP is locked and not to worry about tarrifs. We’ll see

 

[Jinba ittai]

Emailed my dealer and they said my MSRP is locked and not to worry about tarrifs. We’ll see

I’d be nervous. I doubt the customs agents care when your order was locked. Seems like the key date is when the goods enter the country. Good luck!

 

[UCLAFC]

I’d be nervous. I doubt the customs agents care when your order was locked. Seems like the key date is when the goods enter the country. Good luck!

For sure, I’m totally nervous and hoping enough ass kissing happens so Trump excludes the UK from any tarrifs. Guy seems to respond well to flattery. We’ll find out “soon”

 

[JohnnyB]

The UK is negotiating with the US. It’ll work out.

 

[3A3968M]

For sure, I’m totally nervous and hoping enough ass kissing happens so Trump excludes the UK from any tarrifs. Guy seems to respond well to flattery. We’ll find out “soon”

The felon didn’t like the portrait of him in Colorado senate, here is an opportunity for Banksy to right the wrong

 

[Beachbum]

He's referring to an equalization in tariffs. The UK applies a 10% tariff on cars imported from the US. On top of the 10% tariff, a 20% Value Added Tax (VAT) is levied on the total value of the car at the point of entry, which includes the car's cost, shipping, insurance, and the tariff itself. For example, a $30,000 U.S.-made car would incur a $3,000 tariff, bringing the taxable value to $33,000, then add $6,600 in VAT, making the total landed cost $39,600 before other fees (like registration). It seems reasonable that we would charge them the same.

Are there no other taxes applied in the US on cars? I thought State sales tax would be at a minimum, but maybe cars fallout side that. Surprises me if you apply no taxes at all and the new Tariff will be the only "Tax" applied to an imported car.

 

[Dragoon]

VAT is applied to (almost) everything in the UK, so not relevant to the tariff discussion. It’s an internal tax, not a trade-related one.

I’m still a bit baffled how Trump — someone who obviously has no understanding of simple economics — is allowed to single-handedly set new taxes without pushback. Why aren’t Americans rioting in the streets?

He has a large team around him to help him make these decisions. Our government is one of the largest employers in the world. The new goal is to eliminate our debt and reduce our taxes by increasing tariffs. More of a tax on consumption than an inefficient IRS system. They have been very transparent about this. If you go straight to the source of his cabinet members, they will tell you exactly the plan. Either way, we definitely have to reduce our debt and balance our budget. There were two very insightful interviews recently on the All-In Podcast with Scott Bessent (Treasury Secretary) and Howard Lutnick (Commerce Secretary) that you can watch on YouTube. They are great resources for information.

 

[ShootingSight]

I think the most likely outcome will be that Europe drops the tariffs on cars going from the US to Europe, as there are a lot more cars coming this way, than getting exported. If this happens, foreign demand for US made cars will suddenly go up, creating jobs in the US and equalizing some of the trade imbalance. What I don't get is why VAT is being included in this discussion, as that applies equally to domestic and to foreign goods, so English cars sold in England also pay this. I think of it as analogous to our sales tax.

 

[Jbrock]

VAT is applied to (almost) everything in the UK, so not relevant to the tariff discussion. It’s an internal tax, not a trade-related one.

I’m still a bit baffled how Trump — someone who obviously has no understanding of simple economics — is allowed to single-handedly set new taxes without pushback. Why aren’t Americans rioting in the streets?

Once the administration cuts Medicaid, Medicare and Social Security, then maybe, just maybe the minion will wake up. I heard a saying; it is much easier to con someone than convince someone they are conned.

 

[Jinba ittai]

He has a large team around him to help him make these decisions. Our government is one of the largest employers in the world. The new goal is to eliminate our debt and reduce our taxes by increasing tariffs. More of a tax on consumption than an inefficient IRS system. They have been very transparent about this. If you go straight to the source of his cabinet members, they will tell you exactly the plan. Either way, we definitely have to reduce our debt and balance our budget. There were two very insightful interviews recently on the All-In Podcast with Scott Bessent (Treasury Secretary) and Howard Lutnick (Commerce Secretary) that you can watch on YouTube. They are great resources for information.

I agree with the reduced government and balanced budget part. As a tax payer I hate seeing a significant portion of the money going to paying interest. That’s just mismanagement.

 

[Jbrock]

I agree with the reduced government and balanced budget part. As a tax payer I hate seeing a significant portion of the money going to paying interest. That’s just mismanagement.

 

[Jbrock]

The cars built in USA are generally not appealing to other nations. Too large for their roads, poor fuel economy. All the increased taxes will
only to cause the consumer to pay more. Recession here we come. I'm actually looking forward to it, maybe the minions will wake up.

 

[MiamiBlue]

I think the most likely outcome will be that Europe drops the tariffs on cars going from the US to Europe, as there are a lot more cars coming this way, than getting exported.

That surprises me. Apart from Tesla I didn't think Europe imported many US cars. Any figures?

Edit: I mistook the direction. Google tells me that the US import approx 700'000 cars from Europe a year, and Europe imports approx 100'000 cars from the US. Factor of 7:1. I guess we don't like American cars too much. I wonder what percentage of those 100K are Tesla's.