Autovista Group’s Post

Chinese carmakers challenge EU import duties, Trump’s potential tariffs, and #automotive suppliers announced thousands of job cuts in 2024. Phil Curry, #Autovista24 special content editor, reviews this week’s major automotive stories. There was more tariff tension for the automotive #market this week. #Chinese carmakers challenged the EU’s import duties on battery-electric vehicles (BEVs). At the same time, the possibility of subsidies for BEVs on an #EU-wide scale has been mooted. Across the Atlantic, the Trump administration could impose #US import #tariffs, potentially increasing costs for #carmakers. Meanwhile, European industry association #CLEPA, released details on the impact of rising costs for automotive suppliers, including job losses. #automotiveindustry

In response to the sharp increase in auto import duties for Chinese automakers by the US, Liu Bin, chief expert of China Automotive Technology & Research Center (CATARC) and deputy director of China Automotive Strategy and Policy Research Center, has advised that China should raise its import tariffs on large gasoline-powered cars to 25%. The current import tariff for cars in China is 15%. He believes that this adjustment would help balance domestic and international markets and support a policy push toward green and low-carbon development. What do you think? #Automotives #AutoImportTariffs https://lnkd.in/dZCEYXft

Origin is such a major factor in Customs efficiency which this interesting article on the UK automotive manufacturing sector highlights. It’s just a shame accumulation has been made possible to protect the UK and EU automotive sector, and yet the same does not apply to any other manufacturing sector that I know of at least. As long as the parts come from the two customs areas to meet the threshold of the UK & EU Trade Agreement, surely that has to be a positive for jobs and innovation for businesses in both? #export #import #manufacturing #automotive

📢 The European Commission may reduce tariffs on China-made EV imports for Volkswagen and BMW Group, potentially lowering rates from 37.6% to 20.8% 🚗🌍 This early compromise aims to support top European car manufacturers while mitigating fears of retaliation from China. Read the full details on the evolving trade landscape. 🔗 Full article: https://lnkd.in/dxFD8dTb #TradePolicy #ElectricVehicles #BMW #Volkswagen #EUTrade #GlobalEconomy #EVMarket #China #Tariffs 🚘🌿

EU-China electric car consultations in pipeline as tariffs loom [Advocacy Lab Content]: The European Union and China have agreed to further engage in technical consultations regarding battery electric vehicles (BEVs) in a bid to avoid trade tensions as potential tariffs loom.

Europe's auto industry had warned the European Commission against imposing tariffs on China-made #electricvehicles, with German carmakers the most exposed to any counter moves by China. Other continental automakers have largely divested their China businesses, but could be indirectly affected through their investments. Read on to find out which automotive brands have the most exposure. #EUtariffs #EUChinatrade #energytransition #KathariNews

Provisional EU tariffs of up to 38.1% could be levied on BEVs made in China. This would be in addition to existing import duties of 10%. Therefore, affected carmakers could see new rates of up to 48.1%. I explore what this means for the automotive industry in my latest Autovista24 article. Check it out! https://lnkd.in/eUAEpGue #tariffs #EU #China #BEVs

I’ve spoken previously about China’s growing FDI in Mexico and the back door initiative to circumvent U.S. tariffs by importing goods into the U.S. via Mexico. It is a critical issue that needs to be addressed in the forthcoming USMCA renegotiation. President Trump has recently stated he will impose 25% tariffs on Mexican imports his first day back in office. This would be detrimental to U.S. consumers and manufacturers. But is this simply the “Art of the Deal” - i.e. Trump’s negotiating tactic to address Chinese imports, among other issues with Mexico?

SAIC Motor, Geely deny breaking ranks in China’s bargaining with Europe on EV tariffs #Logistics #SupplyChain #Freight #Transportation #Warehousing #SupplyChainManagement #LogisticsManagement #Shipping #LogisticsSolutions #LastMileDelivery #EcommerceLogistics #SustainableLogistics #LogisticsTechnology #AutomatedLogistics #LogisticsNews #GlobalTrade