Trump exempts cars over 25 years old from duties: an opportunity for American collectors
In the context of the new US tariff policy, President Donald Trump announced that imported cars that are at least 25 years old will be exempt from the 25% duty recently imposed on foreign cars. This decision is good news for American classic car enthusiasts and collectors.
Beginning April 3, 2025, all passenger cars and light trucks imported into the United States will be subject to a 25% duty. However, vehicles that are 25 years old or older at the time of import are exempt from this additional duty. The standard 2.5% duty on vehicle imports will still apply. This exemption applies regardless of the origin, make, or model of the vehicle.
Implications for the Classic Car Market
The duty exemption for vehicles over 25 years old could stimulate the classic car market in the United States. Collectors will be able to import historic vehicles without the additional financial burden of a 25% duty, making it more affordable to purchase rare and iconic models.
The decision to exempt vehicles over 25 years old from duty reflects recognition of the cultural and historical importance of these vehicles. While tariff policy is aimed at protecting the domestic auto industry, this exemption strikes a balance by allowing enthusiasts to preserve and celebrate the world’s automotive heritage.
