Trump touts a tax break for car loans — but tariffs will drown any real relief for buyers

While President Donald Trump and his fellow Republicans have celebrated a provision in their megabill that delivers a tax break for Americans with car loans, its modest benefit looks set to get blotted out by Trump’s tariffs on the auto sector.

May 27, 2025 - 21:16
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Trump touts a tax break for car loans — but tariffs will drown any real relief for buyers
While President Donald Trump and his fellow Republicans have celebrated a provision in their megabill that delivers a tax break for Americans with car loans, its modest benefit looks set to get blotted out by Trump’s tariffs on the auto sector.