All tariffs articles
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ArticleTariffs disrupting US car industry, lawmakers told
Representatives from carmakers, tier suppliers and the dealership sector were amongst those warning of the enormously disruptive impact of continued import tariffs in the US. Last week’s US Senate Finance Committee hearing in Washington, DC heard that duties on vehicles and automotive parts into the US, as proposed by the ...
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ArticleEEU cuts import duties but trade within bloc is in dispute
The Eurasian Economic Union (EEU) has officially cut duties on finished vehicles being imported into the bloc from 20% to 17%. The rule took effect from September 1 this year, while a further reduction to 15% is proposed to take place at the same time in 2019. The EEU comprises ...
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ArticleTrump rejects tariff offer in trans-Atlantic car trade
Donald Trump has rejected an EU offer to eliminate tariffs on cars, saying the proposal is not good enough.Trump said that ending duties on US car imports into the EU would do little to help the automotive industry in the US because Europeans would still not buy American-made cars. “Their ...
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ArticleVehicle makers grapple with cost of trade wars
Carmakers are faced with shifting production, higher purchase costs, lower profits and the possibility of raising the price of their products as a consequence of the continuing global trade conflict.Volvo Cars of Sweden is shifting production of its XC60 SUV for the US market from China to Europe to avoid ...
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ArticleVehicle imports to Russia increase in the first quarter
Russia imported almost 67,000 finished vehicles during the first quarter 2018, up by just under 50% compared to the same period last year, according to a statement from the country’s Federal Customs Service. Imports over the period were equal to $1.65 billion.It is the first time in a decade that ...
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ArticleTwo years for Brexit deal ‘optimistic’ as FTA calls for transitional trade measures
With the official date now set for the UK to begin its exit negotiations with the EU, the focus has shifted onto how those discussions will progress and whether a deal can really be struck in just two years Rollo: UK will need to complete a number of separate ...
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ArticleNew wave of protectionism threatens the automotive sector
India, Japan, the US and the UK are among those that seem to be adopting more protectionist measures in their international relations, and even the EU appears to be getting in on the act now… all of which seems likely to have some serious implications for international vehicle and parts ...
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ArticleUS tariffs ‘of limited long-term impact’ on Mexico, says WWL
Export tariffs to the US will be of limited long-term impact on Mexico’s automotive sector despite some short- to medium-term concerns, the head of Wallenius Wilhelmsen Logistics (WWL) in Mexico has suggested.Commenting on an analysis of the Mexican market produced by WWL recently, including the threat of tariffs being imposed ...
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ArticleFCA invests in US Jeep output; warns over withdrawal from Mexico
Fiat Chrysler Automobiles (FCA) has revealed plans to invest $1 billion in its Michigan and Ohio plants, generating 2,000 jobs in the US.The move will create the capacity to extend its Jeep product line-up in response to a continued shift by consumers to SUVs and pickup trucks, and will also ...
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ArticleCarmakers get another chance to lay out Brexit priorities
David Davis, the UK’s Secretary of State for Exiting the European Union (pictured, left), has met with leaders of the UK automotive sector to discuss the car sector’s priorities as the UK heads towards the start of negotiations over its departure from the EU.Monday’s event, organised by the Department for ...
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ArticleSMMT highlights implications of post-Brexit tariffs and Industry 4.0
The UK’s automotive trade association has estimated that tariffs on imported and exported finished vehicles could amount to £4.5 billion ($5.6 billion) a year, if Britain makes a clean break from the European Union.Earlier this evening, Gareth Jones, the outgoing president of the Society of Motor Manufacturers and Traders (SMMT), ...
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ArticleChanging trade agreements in the spotlight after US election
A week after Donald Trump’s surprise victory in the US presidential election, automotive manufacturers and experts are still piecing together what his new administration could mean for vehicle production, trade and investment across North America and beyond.Global trade deals with the US seem likely to fall back in priority or ...