Prices to consumers will increase, just not by 25%. Even if the entire truck including components was manufactured in Mexico, cost does not equal retail price. Dealers have costs that have to be covered, there are transit costs, etc.
I don't know. Sort of weird to impose a tariff on imported parts only for those parts to be subsequently exported. A tariff is designed to protect domestic industry from foreign competition including dumping (which China does with steel).
I'm not convinced this is true. Take as a counterfactual example the following scenario (made simple to illustrate the point). A Ford Maverick is 99.99% manufactured in the US (including parts and assembly) at a cost of $25,000 and shipped to Mexico. In Mexico the windshield wipers (.01%) are...
The tariff is 100% paid for by the US importer. The Canadian exporter cannot pay the tariff. All the Canadian exporter can do is either lower the price charged to the US importer ($100,000 reduced to say $87,500 in your example) or offer a rebate.
Lumber mills are closing down or going...
If Ford ships truck parts from the US to Mexico valued at $12,000 (on the US - Mexico Customs Declaration) and Mexico assembles the parts at a cost of $8,000, the tariff applies to the $8,000 and not the declared value of $20,000 ($12,000 + $8,000) from Mexico - US. Otherwise the tariff is...
Economics 101 at the Wharton Business School tells you that the Balance of Payments consist of two entries (or Accounts): (1) The Current Account (Exports less Imports); and (2) the Capital Account (Capital Inflows less Capital Outflows).
Under a floating Exchange Rate (which operates between...
The main advantage of a digital document (as long as it's in a common format such as PDF) is that it is searchable. I have a printed hardcopy manual with my 24 Tremor and it is crap.
My advice would be to park the truck in your garage and don't drive it if you:
Don't want to get a cracked windshield.
Don't want chipped paint.
Don't want to get rear-ended and have a complete write-off.
Hear a weird sewing machine noise when you start the engine.
Try to change the windshield...