So the powertrains, the engines, transmissions will have a 25% tariff. Category 4 is the easiest one to understand. Think your Bentley, your Rolls Royce, your Porsche, your Ferrari or your Lamborghini. Those Cars shipped to the US with no US content or final assembly will get a flat 25% tariff on the entire value of the vehicle. That's what's actually happening. I need dealers that understand this because this is really important, Jim. This is the plan. So this isn't a negotiation tactic. This isn't a temporary measure. (02:51–02:56)
CLAIM
Asserts that cars with no US content or assembly will face a 25% tariff on their entire value.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
