Classic cars granted exemption from Trump's 25% tariffs

See the Mail Online piece. More

Article spotted by Keith Belcher


MAGA tariff civil war
Another piece in the Mail Online reports "
Elon Musk tears into Trump's 'moron' trade adviser for being 'dumber than a sack of bricks' as MAGA descends into civil war over tariffs amid global economic chaos". More

Credit to Mail Online

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.Classic car imports over '25-year-rule' are exempt from US vehicle tariffs
In a piece in the Mail Online today Freda Lewis-Stempel reports "Classic car enthusiasts and collectors will have sighed in relief at news that vehicles of a particular vintage evade Donald Trump's 'reciprocal' 25 per cent tariffs on motor imports introduced last week - but there could be a huge catch coming next month.

Vehicles over the age of 25 years will not be subject to the levies announced on 2nd April as part of the US President's 'Liberation Day' strategy, protecting one of the UK's most important industries that contributes £8.7billion of aggregate Gross Value Added (GVA) to the UK economy each year".

Will classic car parts still be subject to tariffs?

Freda Lewis-Stempel adds "it remains unclear whether classic car parts will be subject to imports or not. However, if given the green light, the impact could be catastrophic to small and medium-size businesses".

However, there's growing concerns that a second wave levy will sting the classic vehicle sector.
That's because an additional 25 per cent tariff will hit auto parts from 3rd May - and it looks likely they will be applied to classic car components too".