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Behind the US's "Tariff Stick": Japanese and Korean Automakers Brace for Impact, While China's Limited US Exports Mitigate Risk
2025-04-09 /
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Author：小编
The United States government has recently slapped a 25% tariff on all imported vehicles, with additional tariffs on key automotive components like engines and transmissions set to take effect from May 3. As per S&P data, US new car sales are projected to hit 16.035 million by 2024, out of which 8.7 million will be domestically produced, comprising 54% of the market, and 7.33 million will be imported, accounting for the remaining 46%. The implementation of these tariffs is poised to have a profound effect on the market for imported vehicles and components.
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