| the-pi-guy said: A lot of the car discussions are made more difficult by the fact that companies don't generally want to ship cars overseas. (Think of how much material could be shipped inside of a vehicle.) Toyota hires 10's of thousands of US workers, and makes almost million cars every year in the US. Toyota alone makes more cars in the US than gets traded between the US and all of Europe. Honda is the same. Hyundai has two US plants from what I understand, the one makes almost 400k vehicles, and there's a newer one that is expected to make 500k vehicles a year. Yes, these are Japanese companies, but they make literally millions of cars in the US. https://www.bbc.com/news/articles/cq8kn5v37wxo " In 2022, 692,334 new EU-made cars were exported to the US, worth €36bn ($37bn; £30bn). While only 116,207 new US-made cars went in the opposite direction" |
One small correction: Hyundai is from South Korea. Otherwsie, all of this is spot-on. I imagine that Toyota, Honda, and Hyundai are used by Trump to tout the power of the tariff.
