Trump’s threat to the global classic car market
US Government is considering a 25 percent tax on all imported vehicles, including classics – but there’s still time to act, says chairman of Pebble Beach
Classic car enthusiasts are being asked to rally together to oppose the threat of a 25 percent tax on vehicles imports into the USA – a tax that would be applied to vehicles of any ages, including classic and collector cars.
This follows on from the Secretary of Commerce’s move last month to begin an investigation into the effects that the importation of cars has on US national security.
If the findings show that national security is adversely affected, then ‘the Secretary shall recommend actions and steps that should be taken to adjust automobile and/or automotive parts imports so that they will not threaten to impair the national security.’
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Sandra Button, chairmain of the Pebble Beach Concours d’Elegance, is among those who has requested that people file information opposing the investigation.
She said: ‘One of the many things I love about the car world is how the language of cars speaks to people across all backgrounds and in all parts of the world – without respect to political party or income or religion.’
Although, ‘traditionally politics has no place at a concours d’elegance,’ Button fears that the investigation ‘might have very negative repercussions on our ability to share, celebrate and enjoy great cars.’
She continued: ‘I cannot imagine how we will be able to maintain and share even the collector cars we already have in the United States.’
Of particular interest to the investigation is the quantity and nature of imports of automobiles, including cars, SUVs, vans and light trucks, as well as automotive parts. The investigation will also asses what it would take for the US’s own automotive industry to grow in order to produce enough cars to boost the economic welfare of the country in response to ‘foreign competition’.
Comments should be made to the Department of Commerce, which is accepting responses and data on the investigation up until June 22, with rebuttal due by July 6. Across July 19/20 the Department of Commerce will hold a public hearing in Washington, DC, on the investigation.
For more information on how to submit supporting information, visit the regulations.gov website.
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