Tariffs on imported parts will have a broad impact because all vehicles use components made abroad.
Category: Volkswagen AG
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Mercedes-Benz and Volkswagen Facing Uncertainty With Tariffs
Faced with tariffs introduced by President Trump on cars, steel and aluminum, Europe’s carmakers are pessimistic about the future.
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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.
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Trump’s Tariffs Pose a New Threat for Germany’s Stagnant Economy
President Trump’s trade war adds another challenge to the incoming government’s attempts to revive Europe’s biggest economy.
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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.
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Xi Jinping Meets Global Business Leaders Amid Trade Tensions
German investment in China’s auto industry has been one of the few bright spots as foreign investment has slowed to a crawl.
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Trump Auto Tariffs: How Major Car Brands Would Be Affected
The scale of the damage depends on the circumstances of each company’s supply chain.
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Germany Says Europe Must Respond to Trump’s Auto Tariffs
The United States is a crucial export market for the German auto industry, which is already suffering from weak sales and increased competition from China.
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Tariffs Could Give Tesla and Musk a Leg Up on Rivals
The company led by President Trump’s confidant Elon Musk builds all the cars it sells in the United States domestically and will be exempt from tariffs on finished vehicles.
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Trump’s Tariffs on Autos Would Hit Europe Hard
The levies could hurt European automakers when the industry is already struggling, especially in Germany, Europe’s biggest economy.