Trump wants tax deduction for interest on loans to buy US-made cars. Can it happen?

Trump wants tax deduction for interest on loans to buy US-made cars. Can it happen?

Learn about Trump’s plan to allow tax deductions on loan interest for U.S.-made cars. Could Americans save $270 annually? Discover the details.

Trump Wants Tax Deduction for Interest on Loans to Buy U.S.-Made Cars. Can it Happen?

The White House hasn’t provided any details of how the tax break would work, but the president touted it during the 2024 campaign and reiterated his support last month.

While the United States is continuing its commercial offensive, with customs taxes set at 25% for many countries, Donald Trump is irritating the low sales of U.S. cars in Japan. The U.S. President even goes so far as to denounce a conspiracy, recalling that Japanese manufacturers sell several million new cars to the U.S. every year. Yet, the reason for the mixed success of U.S. brands in Japan is easily explained... Cars not well suited to the J…