Hardly in the US. Engines are made in Ontario, transmissions in Detroit. Upholstery in Brazil, headlamps in wherever. There are few cars - if any - where 100% of the parts are US sourced.
75% of our economy is now services, none of which is accounted for in this absurd tariff calculation. Software, movies, music, banking, investment services, and more. This doesn’t count? The dollars coming home for a Hollywood blockbuster are every bit as green as those for a Ford.
This is madness, and it will continue to get worse until somebody has the spine to say “Stop, it was a mistake.” Given the predilections of the guy in charge, that could be a very, very long time.
Best commentary I have seen, including charts and graphs to demonstrate, is Fareed Zacharia’s “take” on yesterday’s program. Please watch it, for your own (sanity’s) sake:
It’s good enough that I am going to give it its own thread. I’d like everyone on the planet to consider it.