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Proposed USA 25% Import tax includes Collector Vehicles.

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  • Proposed USA 25% Import tax includes Collector Vehicles.

    Not to start a political discussion, but this may impact all of us as it will also include car parts from outside the US...

    It has been brought to our attention by Marshall Miller of Miller & Company P.C. that on May 23, 2018, the Department of Commerce published a Notice of Request for Public Comment regarding Section 232, investigation into the importation of automobiles and their effect on National Security. Details of which can be found HERE.

    Simply put, President Trump is considering action by Proclamation to apply an import duty of 25% on ALL automobiles (this includes cars, SUVs, vans and light trucks), AND parts, regardless of age or origin. This would mean a 25% duty on ANY car – whether it be brand new or 100 years old. As automobile enthusiasts and professionals in the industry, we strongly urge you to vehemently oppose this unfair, dubious tax.

    America currently applies a 2.5% duty on imported cars, which is waived on those of American origin. Under Trump’s proposal, we face a tenfold increase will surely cause retaliation from the European Union in the same manner the recent steel tariffs has proven.

    Clearly, the importation of classic and collectible vehicles has absolutely no impact on our National Security, and these proposed tariffs would only serve to harm the countless individuals and independent businesses who buy, sell, restore and transport cars. The collector car hobby is a multi-billion dollar-per-year business, and we must work together to fight this ludicrous proposal. Washington bureaucrats have no understanding of the impact such a political stunt would cause, therefore it is our responsibility to educate them.

    The purpose of this letter is to ask you all to join us in appealing to officials to remove any and all language related to “Used Automobiles and Parts”, and separate any content that could be perceived as pertaining to the collector car hobby from this proposed 25% tariff.

    The process for commenting is simple:

    Go to https://www.regulations.gov/docket?D=DOC-2018-0002 www.regulations.gov/docket?D=DOC-2018-0002 and click the COMMENT NOW button on the right of the page. It takes no more than a few minutes to support the separation of all language related to “used vehicles and parts” from the proposed tariff. The deadline for submitting comments is June 22, 2018.

    In addition, we urge you to contact your Senators and Representatives to warn them of the adverse effects these proposed tariffs will have not only our beloved hobby, but more importantly the risk they pose to the thousands of passionate and hard-working Americans who make their living in the business of collector vehicles.

    We send our sincerest thanks to Attorney Marshall Miller of Miller & Company P.C. for bringing this critical matter to our attention. Miller & Company are highly respected experts in all matters of international trade, and they can be contacted at www.millerco.com We thank you for your support and encourage you to act swiftly and share this letter on social media and among your friends in the hobby.

    Sincerely,

    Mark and The Team at Hyman Ltd.


  • #2
    All this winning is exhausting.
    1988 Lachs - sold
    1988 DS - sold
    Bay Area M3 FB group

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    • #3
      Even though I’m car enthusiast like the hundreds of thousands of others out there, I tried to unselfishly look past cars and instead to the future of this country and my children. I support the President and his decisions including trades.

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      • #4
        I'd rather not pay the government an additional 25% off the top to import used German cars and parts but our President tends to negotiate with threats. If the end result is more made-in-USA products, of a higher quality and at competitive prices then that part would be great. I'm in favor of everyone having access to the best cars without unreasonable tariffs.

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