Trump’s tariffs promise a major car wreck

This On-Target video by

Steven Beschloss

and me focuses on an NBC report about tariffs on cars. Trump has imposed a 25% tariff on foreign cars and car parts, and he’s poised to order tariffs on many other products on Wednesday, which he's dubbed "Liberation Day." Trump says he wants Americans to buy cars made in this country. But as NBC noted: “There’s no such thing as a fully American-made car.” About 40% of car parts are foreign-made. Trump doesn’t seem to understand that. He’s really not an economic genius.

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