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Beau of The Fifth Column

Let's talk about Trump hurting American car companies....

Beau of The Fifth Column

Beau of The Fifth Column

Society & Culture

4.8965 Ratings

🗓️ 12 May 2025

⏱️ 4 minutes

🧾️ Download transcript

Summary

Let's talk about Trump hurting American car companies....

Transcript

Click on a timestamp to play from that location

0:00.0

Well, howdy there, Internet people, it's Bell again.

0:05.0

So today, we're going to talk about U.S. automakers hurt by Trump's UK deal.

0:12.0

Trump's deal isn't even finalized yet, and it's already receiving massive pushback from American car companies.

0:19.0

A deal that doesn't really change a whole lot when it comes

0:22.9

to U.S. U.S. U.S. U.K. trade and has widely been called political theater has a major issue.

0:29.7

The American Automotive Policy Council President said the American First Trade Policy

0:34.8

Policy, quote, hurts American automakers, suppliers, and auto workers.

0:41.7

What's the problem? Well, you see, the trade deal lets the UK export the first 100,000 of their cars

0:49.5

to the U.S. at a reduced tariff rate of 10%. AAPC members like Ford, GM, and Jeep are looking at 25% tariffs on autos assembled in Canada and Mexico.

1:04.4

That's right. American companies are looking at higher tariffs than companies from the UK.

1:10.8

The AAPC president said they were disappointed by the deal and said, quote,

1:17.1

under this deal, it will now be cheaper to import a UK vehicle with very little U.S. content

1:24.1

than a U.S.MCA compliant vehicle from Mexico or Canada that is half American parts.

1:33.0

The USMCA is a first term Trump trade deal. His UK deal is truly the best of deals.

1:41.3

Nobody's seeing deals like this. Many people are saying. The AAPC president also expressed

1:48.3

some concern that Trump's concept of a deal with the UK might set the tone for future deals

1:54.4

with countries in Asia that also export cars to the U.S. I'm going to go out on a limb here and say that they might not need to

2:03.6

worry about that. Why? Because Trump's billionaire buddies don't drive those cars. They drive,

2:11.4

or they're driven in, cars like a Rolls-Royce, Aston Martin, McLaren, Land Rover, or Bentley. Huh, what do all those

2:22.2

cars have in common? Wait, are they all based in the UK? Weird. I mean, there's no way

2:29.8

America first really meant America's billionaires first, right? It's surely a coincidence that

2:36.8

the imports that are predominantly luxury products for the rich got a little exemption, while the

...

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