2024 Lincoln Nutelos
Ford
Detroit – President Donald Trump’s move to impose 10 % of additional definitions on imports from China this week affects a small number of American vehicles. But these customs duties also reach auto parts, which may already increase the high prices of vehicles for consumers.
In recent years, the United States has imported approximately $ 15.4 billion to more than $ 17.5 billion of transport goods from China, including 9 billion dollars to $ 10 billion of car parts and accessories for vehicles and tractors, from among other private vehicles, according to what it said. American International Trade Committee.
The biggest effect on the actual vehicles will be in operation Ford Motor Lincoln Nutelos and General Motors Boik imagine. These transitions constituted 83,884, or 95 %, from 88,515 China’s vehicles sold in the United States last year.
“General Motors and Ford is already exposed from the point of view.” “Our household men are the ones who take the weight of this, at least from the full compounds … but it can be somewhat silent.”
Buick Envision SUVS employees work at General Motors Factory at Dong Yue Assembly, officially known as Saic-GM Dong Yue Motors Co. , Ltd.
Tang Ki China Visual Group Gety pictures
Other car makers such as Volvo, owned by Geely in China and the additional Polestar for electric cars, import a much lower number of vehicles to the United States who have also changed production plans to reduce the number of vehicles imported from China. This is especially true for EVS, given the 100 % Biden administration tariff last year on such models from China.
Ford and Granur Motors spokesman refused to comment on possible changes in production or prices for their Chinese Chinese vehicles. Volvo and Politar did not respond.
Chinese vehicles for consumers not only represented 0.6 % of about 16 million new cars that were sold last year in the United States, according to Global Data. This is the same imports from the United Kingdom, Sweden and Slovakia.
Customs tariffs on Canada or Mexico – which represents Globaldata 23.4 % of American sales last year – will have a much greater impact on the American car market.
“While vehicle imports are the minimum of China, auto parts imports are about $ 15-20 billion annually for each American International Trade Committee, and China is a major part of the battery/storage supply chain (especially the LFP batteries used in the power of the utility and he said. Mark Dylani, Goldman Sachs analyst, on Sunday in an investment note.
It is not clear how much a tariff can have a tariff on the batteries or raw materials of EVS, which is witnessing a slower adoption than expected.
But many electric vehicles in the United States are characterized by a noticeable amount of components of China, according to data from The National Traffic Safety Administration on highways. Genesis G80 EV (25 %); 5 N Hyundai (50 %) and Hyundai Ioniq 5 N (30 %;); Kia EV9 (35 %) and Niro Electric (25 %); Nissan Aria EV (40 %); PHEV’s BZ4X EV (20 %) and RAV4 PHEV (20 %); EV EV (25 %).
Mike Jackson, Executive Director of Strategy and Research The original equipment suppliers in Mima, The Automobile Association said “concern” about the definitions in general. He said that while the 10 % additional customs tariffs on China are not like those in North America, it increases costs.
“It is a challenge,” Jackson told CNBC on Wednesday on the sidelines of the Chicago Reserve Bank. Auto Conference in Detroit. “It is clear that China continues to contribute very valuable content. It has been improved for electronics and a wide range of aspects.”
Whether the car manufacturers decide to increase costs in the costs of consumers, the change of resources or taking other measures has not yet been seen.
Transferring costs to consumers may be annoying sales. The prices of new vehicles remain historically high at about $ 50,000, according to Cox Automotive.
“There is no specific element from China under this tariff that says:” oh no, this is the thing that will mess with everything “… but they will work to increase costs,” said Stephanie Brenley, the main S& P Global car analyst. Mobility. “He plays in a wider case, a wider problem in pricing.”
Brenley said these prices may affect the sales of the new American vehicles, which expect the S& P Global Mobility before any tariff fees of 16.2 million cars.
