Trump’s Tariffs Are Already Reducing Car Imports and Idling Factories
Posted inAudi Division of Volkswagen AG Automobiles Canada Customs (Tariff) Electric and Hybrid Vehicles Factories and Manufacturing General Motors Great Britain Hyundai Motor Co International Trade and World Market Jaguar Land Rover Mexico Prices (Fares, Fees and Rates) Stellantis NV Supply Chain Trump, Donald J United States Politics and Government

Trump’s Tariffs Are Already Reducing Car Imports and Idling Factories

A few carmakers have closed factories, laid off workers or shifted production in response to the auto tariffs that took effect last week.
Volkswagen will add an ‘import fee’ to cars sold in the U.S.
Posted inAutomobiles Canada Customs (Tariff) Factories and Manufacturing Germany International Trade and World Market Mexico Prices (Fares, Fees and Rates) Shutdowns (Institutional) Stellantis NV Stocks and Bonds Trump, Donald J United States International Relations United States Politics and Government Volkswagen AG

Volkswagen will add an ‘import fee’ to cars sold in the U.S.

The company’s move is one of the first and clearest examples of automakers using price increases to deal with the 25 percent tariffs President Trump imposed on car and auto parts imports.