Interactive tariff map
Interactive map: New US automotive tariffs & global trade rates (China, EU, Mexico)
Recent trade deals have been changing tariff rates for various countries, seeing some drop from previously threatened higher tariffs, while others have increased. Each rate holds consequences for the automotive industry, potentially shifting supply chains and flows as OEMs, suppliers and logistics providers alike attempt to ascertain the most optimal, efficient and cost-effective transport routes and markets.
With geopolitical pressures and shifting trade policy under renewed scrutiny, logistics professionals and OEMs must anticipate how tariff changes affect sourcing, lead times and cost structures.
Infographic on changes to US tariffs on China
China has seen some of the biggest swings in terms of tariff rates, going as high as 145%. Since Trump entered office in January, there has been trade contention between the two countries, with China retaliating to automotive tariffs from the beginning with a 10% duty on US vehicles. The country filed a complaint with the World Trade Organization and things further escalated.
By April, the US had upped tariff threats on China to 50%, with China coming back with a 34% tariff on US imports. These then were hiked up further - the US raised rates to 104%, then 145%, leading China to halt the export of critical rare earth minerals globally.
Trade relations between the two once again settled down, with a "done deal" apparently settled in a trade agreement framework. As it stands, the US will enforce 55% tariffs on China and 10% for the US. It is understood that the 55% tariffs on China consist of a 10% ‘reciprocal’ base tariff, 20% International Emergency Economic Powers Act or IEEPA tariff, and an existing 25% tariff on imports from China. China has also offered expedited export approvals for civilian uses of rare earth minerals.
As of 30 October, following a meeting between the US and Chinese presidents, the two countries have come to a truce. The US has agreed to reduce tariffs on China, and in exchange China agrees to continue rare earth exports from the country.
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