The American President Donald Trump sent the share prices from car companies around the world on a downturn and questioned established trading flows and supply chains for decades. Imported tariffs of 25 percent – according to Trump’s Dekret signed on Wednesday evening – are to be collected from April 3 to all of the cars imported to America. The tariffs also affect deliveries of key components such as engines, gearboxes, drive systems and parts of the vehicle electronics. However, Mexico and Canada are excluded here. “We will get part of the money back that was taken to us,” said Trump when it was announced at the Oval Office. He means that more cars produced abroad are sold in America than the other way around. The tariffs would now ensure that more car manufacturers in the USA produce, the president predicted: “I think our automotive industry will flourish than ever before.”
Go to source