Trump’s duties hit American automakers significantly, which would also affect the prices of cars for ordinary citizens.
In connection with the duties introduced by President Donald Trump, the US is expected to reduce the amount of car sales, increase prices and increase automakers’ costs. This is stated in the NBC news material, published on Saturday, April 12.
It was noted that despite the decline in tariff rates for imports, the duties of importing cars in the United States remain at a level of 25%.
According to analytical reports including Wall Street and specialized industry experts, it is expected to reduce the volume of sales of millions of units, rising prices for both new and used cars, as well as an increase in the cost of automakers by more than $ 100 billion.
“We monitor the structural transformation caused by political solutions, which will probably be long -TERM. This year may be most significant in the history of the automotic industry – not only due to direct pressure on costs, but also because it has made you major changes in how and where the industry is built,” said CNBC, the head of the global motor direction and mobile industry in the boston consulting group industry and mobile industry in the boston consulting group group industry industry in boston consulting group groups and mobile industry in boston consulting group groups and mobile industry in boston consulting group groups and mobile industry in boston consulting groups group and mobile industry in boston consulting group groups and mobile industry in boston consulting group groups and mobile industry in boston consulting group groups and mobile industry in boston consulting group groups and mobile industry in boston consulting group groups and mobile industry in boston consulting group groups and mobile industry in boston consulting groups group and mobile industry (BCG).
According to BCG forecasts, tariffs will increase industrial costs from 110 to 160 billion dollars. This could affect 20% of new cars in the USA market, increasing the cost of both American and foreign cars.
According to the Center for Automobile Research in Michigan, the costs of automakers in the United States will increase by $ 107.7 billion. Of these, 41.9 billion dollars are for Detroit General Motors, Ford Motor and Stellantis companies (Mother Chrysler’s company).
The same study considers 25% of the duties for the imported cars introduced by President Trump on April 3, as well as similar roles in auto parts, which must enter May 3.
Analysts believe that even if the cost of car manufacturers and suppliers can cover them themselves, the rest will move to American consumers, and this may lead to lower sales.
Analyst Goldman Sachs Mark Delaney in a investor report predicts that the average price for new cars in the United States will increase by nearly $ 2,000 – $ 4,000 in the next 6 to 12 months.
Earlier it was reported that the Jaguar Land Rover was suspended in the United States because of Trump’s duties.
EU and China discussed lower prices for de -electric cars from China
News from CORRESPONDENT.NET On the telegram and whatsapp. Subscribe to our channels https://t.me/KorresPondentNet and WhatsApp
Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.