Secretary of Commerce Howard Lutnick's adjustments to the automotive tariff program could benefit domestic manufacturing, especially for Tesla. With cars made with at least 85% domestic content facing zero tariffs, incentives are in place not just for Tesla, which already qualifies with three vehicles, but for other automakers like Ford and Honda as well. The move aims to bolster U.S. manufacturing and employment, suggesting that many companies are close to meeting these new standards, fostering competition in the industry.
This is 'finish your cars in America and you win', says Lutnick.
There are a lot of vehicles that are extremely close to also qualifying for these tariff reductions.
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