For anyone that doesn't know, then president Ronald Reagan signed a bill into law in 1988 that banned all car imports into the US unless the car is at least 25 yaers old.

Why? Because US Mercedez-Benz dealers were selling their cars at too high a price and a lot of Americans were importing them directly from Germany. So the dealers associations lobbied Congress for a ban.

Country of free markets, by the way.

This is entirely misleading and misinformation -- only those not meeting all applicable Federal Motor Vehicle Safety Standards (FMVSS).