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.
Trump’s Tariffs Leave Automakers With Tough, Expensive Choices
Posted inAutomobiles Canada Customs (Tariff) Electric and Hybrid Vehicles Factories and Manufacturing Fain, Shawn General Motors International Trade and World Market Layoffs and Job Reductions Mexico Organized Labor Prices (Fares, Fees and Rates) Production Stockpiling Trump, Donald J United Automobile Workers United States United States Politics and Government Volkswagen AG

Trump’s Tariffs Leave Automakers With Tough, Expensive Choices

Carmakers are likely to face higher costs regardless of how they respond to President Trump’s 25 percent tariffs on cars and auto parts.