China Announces Retaliatory Tariffs On U.S. Autos And Auto Parts
On Friday, Aug. 23, China announced it will impose retaliatory tariffs on $75 billion of U.S. goods, including American automobiles and auto parts.
Trump Administration Issues Additional Tariffs On Goods From China
A 10 percent tariff will take effect on Sept. 1.
Companies May Now Submit Requests To Be Excluded From China’s List 3 Tariffs
The List 3 group of Chinese imports covers nearly $200 billion worth of products, including many auto parts, from engines and metal fasteners to tires, transmission belts, brake pads and suspension springs.
Auto Care Association CEO Bill Hanvey: Tariffs Are Hurting The Aftermarket, Making Roads Less Safe
Hanvey voiced the association’s support for the Trump administration’s efforts to address China’s unfair trade policies but warned the administration of the negative impact tariffs are having on the industry’s supply chain.
Auto Care Association CEO Bill Hanvey Issues Statement On Trump Administration’s Decision To Reverse Imposed Tariffs On Imports From Mexico
On May 30, the White House issued a statement that the U.S. would impose a 5% tariff on all goods imported from Mexico beginning on June 10.
Auto Care Association Alerts Members To New Trump Tariffs On All Imports From Mexico
The United States will impose a 5% tariff on all goods imported from Mexico beginning on June 10. According to the statement, tariffs will permanently remain at 25% “until Mexico substantially stops the illegal inflow of aliens coming into its territory.”
MEMA And AASA Strongly Oppose New Tariffs On Mexico Imports; Urges Return To The Hard Work Of Implementing The USMCA
AASA and MEMA say they share President Trump’s concerns about security at the U.S. – Mexico border. However, imposing tariffs on all goods crossing the Mexican border will not provide a more secure border, the associations believe.
U.S. To Hike Tariffs 25% On $200B Worth Of Chinese Imports
USTR’s announcement is in response to President Trump’s tweet May 5 pledging to increase tariffs due to lack of progress in discussions with China.
Auto Care Association Opposes Trump Administration’s Proposal To Increase Chinese Import Tariffs
“While the Auto Care Association supports the Trump administration’s efforts to address China’s unfair trade practices and is encouraged by recent progress made through trade talks, we oppose the use of tariffs as a negotiating strategy,” Auto Care Association President and CEO Bill Hanvey wrote.
Tariffs And Trade Drama Aren’t Going Away Soon, AASA Panel Says
Regardless of whether the Trump administration can broker a trade deal with China, panelists at the Automotive Aftermarket Suppliers Association’s (AASA) 2019 Vision Conference in Dearborn, Michigan, had a message for the automotive aftermarket: Expect trade drama with China to be a fact of life for the next several years.
