Tariffs Active US Tariffs on Car Parts are now in Effect

Source: dpa | Translated by AI 1 min Reading Time

Related Vendor

In the USA, the 25 percent tariffs on certain auto parts announced by President Donald Trump came into effect on Saturday, as reported by dpa.

The tariffs on certain auto parts to be imported into the USA have been active for a few days ...(Image: AP)
The tariffs on certain auto parts to be imported into the USA have been active for a few days ...
(Image: AP)

Anyone who wants to supply certain auto parts to the USA now has to accept a surcharge of around 25 percent—unless they carry out final assembly in the USA. But even in that case, there is only a partial refund. However, additional tariffs on aluminum and steel are not to be imposed on auto parts to prevent double taxation. These exceptions were announced by US President Donald Trump just a few days ago in response to industry complaints.

German Car Manufacturers Shell out over 27 Percent Tariff

The industry is now hearing warnings of drastic negative effects and price increases. According to market researchers' estimates, about half of the vehicles sold in the USA are assembled outside the country. Even US manufacturers produce many cars abroad—for example, in Mexico. The German Association of the Automotive Industry (VDA) assessed the exceptions to the previous multiple calculation of tariffs as a positive sign, although the burdens are described as enormous by the association. (German car manufacturers pay a total of 27.5 percent tariffs on their vehicles). There is still hope for an agreement and thus the abolition of the tariffs.

Subscribe to the newsletter now

Don't Miss out on Our Best Content

By clicking on „Subscribe to Newsletter“ I agree to the processing and use of my data according to the consent form (please expand for details) and accept the Terms of Use. For more information, please see our Privacy Policy. The consent declaration relates, among other things, to the sending of editorial newsletters by email and to data matching for marketing purposes with selected advertising partners (e.g., LinkedIn, Google, Meta)

Unfold for details of your consent