Tag Archives: US import tariffs

China’s ascent in the US car market could be stopped short by new tariffsUS President Donald Trump has shown a particularly strong interest in the US car industry – which carries both significant symbolic and political weight – and therefore in trade flows of foreign cars into the US. The recently negotiated trade agreement with Mexico is mostly about car manufacturing, particularly aimed at halting the ongoing displacement of US car production to Mexico. And Trump’s grievances against...

Falling momentum in new car sales, together with the threat of US tariffs is adding to the uncertainty facing the European car industry. The motor vehicle industry is of major importance to the EU economy and to global trade. According to Eurostat, total exports (to countries outside the EU) amounted to EUR205bn in 2017. Germany accounted for 52% of total motor exports. The US was the largest destination for EU motor...

Falling momentum in new car sales, together with the threat of US tariffs is adding to the uncertainty facing the European car industry.Last weekend’s G7 summit in Canada ended badly, with President Trump withdrawing his support for the summit’s final statement. Heightening tensions between Europe and the US are Trump’s hints that the White House is considering import tariffs on cars and car parts.German firms would be the most impacted if such tariffs were introduced. According to Eurostat,...