Trade
Trump: Auto tariffs could continue to rise soon
US President Trump has imposed duties to the import of diverse goods – also on cars and auto parts. There is a surcharge of 25 percent in the event of imports to the USA. Does it stay that way?
US President Donald Trump threatened to increase his car tariffs. “Maybe I will increase this tariff in the near future,” said Trump at a appearance in the White House. The higher the US tariffs, the more likely it is that foreign car companies built their works in the United States.
Trump has imposed a surcharge of 25 percent on imported cars and auto parts. There are relief for the car parts for manufacturers who end up with their vehicles in the USA. You can have part of the tariffs reimbursed. The delivery for finished cars came into force at the beginning of April, followed by parts in early May. There were warnings of drastic negative consequences and price increases from industry.
Trump relies on tariffs in trading policy and has raised high punitive levies to a large number of foreign products. The Republican has recently threatened to increase other customs increases for goods from abroad – and then carried out a turnaround. Trump’s customs threats often serve as pressure tools to force concessions in negotiations.
dpa
Source: Stern
