On Wednesday, January 7, U.S. Treasury Secretary Scott Bessent addressed a major headwind to the U.S. auto industry -- affordability -- saying the administration is working on a significant tax break that could help many buyers. The move is surprising, given that President Donald Trump very recently called the U.S. affordability crisis a hoax. Still, Bessent's comments suggest the administration is laser-focused on improving affordability during an election year. In 2025, tariffs and the threat of risin ...