Import fee: German Volkswageni.e. one of the world's largest car manufacturers, decided to compensate for the losses related to the 25 % imposed by Trump. duties. The company decided on introduction of “import fees”. Will be added to prices vehicles imported and distributed in the United States. According to Bloomberg, rail transport from Mexico and suspended deliveries of cars from Europe in ports will also be suspended USA. The necessary information was sent by American brand dealers, which was confirmed by the company spokesman. The details have not yet been disclosed.
Volkswagen quick reaction: The seller will be informed about the new price strategies for vehicles covered by the customs duties until mid -April. The American market remains crucial Also for other German producers and brands like Mercedes-Benz or Porsche. The chairwoman of the German Automotive Industry Association VDA Hildegard Müller said that the current duties are a “fundamental turning point in trade policy” and both Europe and the USA will be lost. Customers will experience “growing inflation and limited product selection”.
Read also: Trump's strong blow, Germany in trouble. “Fatal signal for free trade”
Sources: Reuters, Business Insider