Explained: the classic cars exempt from 25 percent 'Trump tariffs'

The classic car businesspeople also had a moment of panic, before finally being able to breathe a sigh of relief.

Explained: the classic cars exempt from 25 percent 'Trump tariffs'

While the Trump administration’s raft of tariffs are causing concern for new car manufacturers, certain classic vehicles will avoid the new 25 percent import tax. Experts at car transport company Autoshippers have analysed America’s new tariff rules, and discovered a notable exception.  Provided a vehicle is more than 25 years old on the date of importation, it will avoid the steep new tariffs being imposed by the United States. Instead, classic…