Last year the import represented approximately half of the car market in the US. 80 % of Volkswagen’s turnover in the US is imported, as well as 65 % of the sale of Hyundai-Kia.
The US President, Donald Trump, was planning to implement a new rates for the automotive sector this Friday on 2 April and joked that he was not doing it on the eve because he would coincide with the day of the innocent.
“I would have done them on April 1. Believe me. I am a bit superstitious. No, we literally had a plan for April 1. I said, let’s make it 2. Do you know how much money that costs? It costs? A lot of money exactly that day that day only that day, but we will do it on April 2, “he told the Pers of the White House Oval Office.
His announcement takes place a day after he had signed a memorandum to impose “mutual rates” on countries that tax American products, with the aim of matching the rates that these countries apply to American exports.
The new rates will not take effect immediately, but within a period of “weeks” or “months,” he said, and the first to be punished will be with which the US has a larger commercial shortage.
The threat against cars can hit major brands from Japan, Germany and South Korea. Last year the import represented approximately half of the car market in the US. According to global data data, 80 percent of Volkswagen’s turnover is imported into the US, as well as 65 percent of the sale of Hyundai-Kia.
Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
