Trump Used Shady Crypto Venture to Triple His Net Worth as President

“The Tariff will be increased to 25%. It is fully understood and agreed that, if they produce Cars and Trucks in U.S.A. Plants, there will be NO TARIFF,” Trump posted. “Many Automobile and Truck Plants are currently under construction, with over 100 Billion Dollars being invested, A RECORD in the History of Car and Truck Manufacturing. These Plants, staffed with American Workers, will be opening soon — There has never been anything like what is happening in America today! Thank you for your attention to this matter.”

Why Trump would be “pleased” with the move is one thing, but his claim that several auto plants are currently under construction is misleading at best. Industry experts say that most automakers are not building new plants, but are instead planning to shift their investments years from now. While some car manufacturers have pledged to spend more money in the U.S., they haven’t announced new facilities or manufacturing plants, and their plans may not even happen.

“They will be looking at models that will be coming to the end of their natural cycle, something that occurs at five or so year intervals, and getting ready to announce ‘investments’ to continue the new version of the model at those plants,” Greig Mordue, a manufacturing policy professor at McMaster University, told Al Jazeera.