In an article published on Tuesday, Gazeta suggests that cars produced outside the US borders will still be covered by additional customs fees. However, those that arise in the United States may be released from other tariffs. In addition, the policy of relieving duties would work back, what It would allow the reimbursement of already paid fees by automotive companies.
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In response to the allegations regarding the customs policy The Trump administration is considering modifying the duties planned since May 3 for imported car parts. At the beginning of April, Trump introduced duties in the amount of 25 percent. for importing cars produced outside the USA.
After changes American manufacturers will be able to obtain a refund of up to 3.75 percent. Value of the vehicle produced in the US in the first year of duties. In the second year, the return would drop to 2.5 percent. the value of the car, and then it would be withdrawn.
In the assessment of the analysts of the Investment Bank Morgan Stanley introduction of tariffs in the amount of 25 percent. It will increase the average cost of a car by 6,000 dol., or 10-12 percent
According to “WSJ” predictions It is an attempt to withdraw from Trump's trade policy after turning on the market and intensive lobbying of companies and other countries.
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According to the newspaper, Trump will decide to soften the customs duties before traveling to Michigan, where on Tuesday evening he will take part in a rally in Detroit, commemorating the 100th day of his office in the White House. In this state, three main American car manufacturers have its headquarters: Ford, General Motors (GM) and Stellantis. Also in Detroit there is a network of over a thousand main suppliers of parts for the automotive industry.
