If rest of the world = Europe, yes. China is also all in on EVs because the government has massively stimulated the EV industry, giving banks a new bubble to replace the deflated real estate bubble.
But I've recently visited Taiwan, Japan, Australia and New Zealand, and you don't see many EVs...
Any Honda imported today the company has to pay 25% of the import cost, which I have no idea what it is for the Type R but if it's like $38k, that's almost $10k Honda America has to pay. No way they will do that, they'll stop importing them.
So looks like the tariff on imported Hondas will now be 35% for the time being? That's the 25% auto import tariff plus the reciprocal tariff on all countries that haven't retaliated, like Japan.
25% tariff on imported auto parts starts May 3.
Honda has probably already stopped all vehicle...
That run will be over, because you are not exempt from auto parts or raw materials tariffs because you export the final product. So the Ranger parts not domestically sourced will be tariffed at 25%, even though the truck is exported to Europe.
No, our exports will also be subject to tariffs. A truck built in Kentucky has probably 30-40% imported parts. Those will receive a 25% tariff, making the vehicle more expensive in Germany.
Screws me if it happens, cause we need to buy two vehicles when we moved back to the US in July.
The tariffs, which the White House expects to raise $100 billion in revenue annually,
THis is funny. How many cars are going to sell with a 25% tariff? Zero. So it will raise $0 in revenue...
Same here, almost, I'm 1968. Kids still in the house. 😄
Not an owner yet, if all goes well I'll get my Type R when we move back to the US in July. Hopefully there's no tariff on the car by then. Trump is threatening tariffs on Japan.
If it's got all seasons on it, definitely get rid of those, the limit is likely to be you if you've never done a track day. I wouldn't change anything but tires. If the brakes get too hot as a noob you're probably overbraking the car.
I hear that a lot, what's that mean exactly?
I drove a 2001 Type R once, and absolutely loved it - partly the engine sound (RIP) but also because it felt so solid, like it was forged out of an aluminum block, and the near telepathic steering response, and how you could feel everything through...
Dealers only get 1 or 2 right? So all they need is to find one schmuck buying willing to pay markup and they make a nice profit. So I understand them not wanting to let go of their only car at MSRP.