Wilbur Ross on @CNBC now: “There’s about 1 ton of steel in a car. The price of a ton of steel is $700 or so, so 25% on that would be one half of 1% price increase on the typical $35000 car. So it’s no big deal.” pic.twitter.com/SHJ7gYW9kS

— Carl Quintanilla (@carlquintanilla) March 2, 2018

Ah, now Republicans back to calling this stuff crumbs https://t.co/2macHQxLZD

— Seth Mandel (@SethAMandel) March 2, 2018

Okay, so you get a $1000 bonus, of which you maybe take $750 home.

Trump puts a 25% tariff on steel, which raises the cost of your new car by $350. There’s half your bonus gone.