Business

The US will soften the duties on cars

2025-04-29 19:37, act 201.2025-04-29 19:50

publication
2025-04-29 19:37

update
2025-04-29 19:50

Trade Minister Howard Lutnick said on Tuesday that President Donald Trump would sign the regulation on cars on the same day. According to new tax regulations, cars assembled in the USA and containing less than 15 percent are to be exempt. foreign parts.

Trump blinked first. The USA will soften the customs for cars, but only for parts
Trump blinked first. The USA will soften the customs for cars, but only for parts
photo: Clare Louise Jackson / / Shutterstock

As the minister told journalists, the new regulations, introduced less than a month after the duties on imported cars, are to encourage car manufacturers to transfer production and the supply chain of car parts to the USA. Until now, cars produced in the US have been covered by a tax depending on what part they consisted of foreign components. Now they are entitled to exemption from customs, if they have at least 85 percent. American parts.

In addition, Lutnick announced that car manufacturers will also receive 15 % Reimbursement of imported parts, the prices of which will increase due to duties. Manufacturers are also to be released from paying other duties, including steel and aluminum and 10 percent. customs duties on most other goods.

Lutnick admitted that the decision was made after automotive concerns reported concerns about the impact of customs duties on their business. Lutnicka's announcement shows that 25 % However, duties on car parts will enter into force as planned on May 3. Poland is one of the largest European exporters of car components and accessories to the USA.

Trump is to sign a regulation during a visit to Michigan commemorating the 100th day of his second term as president. Trump will perform at a rally in Warren in the suburbs of Detroit, the center of the American automotive industry.

After introducing customs duties on cars, Stellantis announced that it would temporarily release 900 employees in its plants in Warren and other factories in the country.

From Washington Oskar Górzyński (PAP)

OSK/ Kar/

Topics

Ashley Davis

I’m Ashley Davis as an editor, I’m committed to upholding the highest standards of integrity and accuracy in every piece we publish. My work is driven by curiosity, a passion for truth, and a belief that journalism plays a crucial role in shaping public discourse. I strive to tell stories that not only inform but also inspire action and conversation.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button