Trump wants to end US$7,500 electric car tax credit
Larry Kudlow, a senior economic advisor to President Donald Trump, has said he wants to end the US$7,500 tax credit to buyers of EV and PHEV cars.
Larry Kudlow, a senior economic advisor to President Donald Trump, has said he wants to end the US$7,500 tax credit to buyers of EV and PHEV cars.
President Donald Trump wants Ford to build the Focus Active in the USA now that the company has kiboshed plans to import it from China.
General Motors has told the US Commerce Department any increase in automotive import tariffs could seriously threaten GM’s presence in its home market.
Although made in Georgetown, Kentucky, the cost of Toyota Camry would rise by $1,800 if President Trump enacts a 25% import tariff on cars and components.
The Trump administration will begin 25% tariffs on about US$34 billion worth of Chinese goods from from July 6, 2018, and includes Chinese cars.
Due to public ill feeling towards President Donald Trump, Trumpchi, a Chinese car brand, will use a different name when it enters the USA market in 2019.
Donald Trump, reality TV star and business tycoon, has won a surprise election victory, and he did so by winning a majority of union votes.