
Import tax entered 25 % on engines, transportation and other major car spare parts into force in the United States, which increases the pressure on an industry that finds its way through a set of changes in politics.
A new tariff comes after Donald Trump Reduce In response to work concerns, but did not cancel it.
The US President said that the new customs tariff, along with an import tax of 25 % on cars that came into effect last month, aims to push car makers to carry out more manufacturing in the United States.
But analysts said that any immediate expansion in the United States is likely to come at the expense of production elsewhere, while also leading to the high costs of companies – and ultimately customer rates.
At the present time, companies have been protected from pain Fears regarding high prices increased sales led.
General Motors and Ford this week reported the growth of dual -numbers sales in April.
But General Motors also warned that she expected up to $ 5 billion (3.7 billion pounds) at new costs this year as a result of tariffs, including approximately $ 2 billion in cars in South Korea and export to the United States.
Executive officials said they are now expecting prices to increase by approximately 1 %, rather than decline as previously expected.
In a sign of disturbances, other car companies, including stellantis, Jeep maker, FIAT and Chryler, withdrew the financial guidance for the next year, indicating the liquidity of the situation.
“We are still subject to intense participation,” Doug Ostroman, Stellantis Finance Director, told analysts this week.
Almost half of the vehicles sold in the United States were imported last year from outside the country.
When Trump announced plans in March to hit car and some car pieces with a 25 % tariff, an advertisement that came among a group of other customs tariffs, it was sent a shock through the industry, which led to warnings of high prices and risks to production and sales.
The President has since reduced his policies, especially with regard to Mexico and Canada – the main parts of the supply chain in the industry, due to contracts for free trade between the three countries.
As currently, the parts made in Mexico and Canada will be avoided according to the free trade agreement. The officials initially described the exemption as temporary, but after the customs instructions issued this week, analysts said it is possible now to abide.
This week, Trump has signed measures to protect companies from facing a multiple tariff on the same item, while they could create car makers for two years to use to reduce the duties that they have to pay on imported parts of other countries and used in cars assembled in the United States.
The administration had already said that companies that import cars made in Canada and Mexico will not be imposed on customs tariffs on the United States content.
“The changes in the last two days will make it easier … but despite that, there is still a major change in the market,” said Stephanie Brenley, the main S& P Global Mobility, said. “It is still a big tariff.”
Executive officials in some companies said they are exploring ways to increase production in the United States to reduce new costs.
General Motors said that she expanded the production of trucks at its factory in Fort Wayne, Indiana, with about 50,000 aspects of definitions. This week he also said that he would reduce production in Canada.
Mercedes also said she had flexibility to expand her factory in Alabama.
Art Whiton, director of labor studies at Cornell University, said that the United States may see more advertisements in the coming months, but he did not expect to see new factories anytime soon, given the importance of this investment and the speed of the situation change.
“If I will make a decision of billions of dollars … I will not do it in an unstable market,” he said.
The administration said it is working on commercial deals with the main countries of the industry, including South Korea and Japan.
Whiton said Trump may also adjust his policies if the signs of economic damage began to appear.
“Everything is very good now,” he said. “I don’t think the complete effect of these definitions has been hit yet.”
https://ichef.bbci.co.uk/news/1024/branded_news/f1db/live/25222680-2799-11f0-a8fe-791177f62bc5.jpg
Source link