Trump’s tariff can be harmful in the American auto market such as Liman’s collapse and Covid, S& P.
- S & P Global Mobility 700,000 cars It is an appreciation of its annual American sales as a result of President Donald Trump’s definitions on imported vehicles. It is “one of the biggest changes in one month” that it has ever made for its expectations.
President Trump’s tariff, which was affected earlier this month, proves that it was almost exposed to the automotive industry in the United States, such as the Corona global virus and bankruptcy of Lehman Brothers.
On Monday, the S&P Global Mobility has reduced 700,000 light cars and trucks from its American sales for this year. Previously, you expected 16.2 million light cars sold in 2025.
“The effect of Trump’s tariffs, in conjunction with the global tariff by 10 %, led to one of the biggest changes we have ever made in expectations.” Note search. “Only the changes that interact with the stopping of global manufacturing for 2020, and the 2008-2009 global financial crisis was greater than the changes in sales and production expectations.”
Late last year, the global mobility in the S&P – cannot be confused with the C & P Global Credit Agency –Propagate Only moderate growth by 1.2 % for US auto sales during about 16 million cars last year due to the continued high prices of stickers and uncomfortable consumer.
Including the 700,000 unit sales, the effect of customs tariffs must reduce total light vehicle sales around the world with a total amount of 1.3 million units. Previously, S&P Global Mobility was estimated 89.6 million Vehicles.
Trump’s tariff came into effect on April 3 and imposed a 25 % duty on all imported and fully built vehicles. This comes above the various definitions, including the mutual definitions that have been suspended at the present time, which, if implemented, will differ depending on the country’s trade balance with the United States
As a result, a The number of car manufacturers They have already stopped shipping new vehicles to the United States, including Volkswagen, its distinguished sister brand Audi and Mitsubishi Motors.
Even Jaguar Land Rover, a company that relies heavily on the American market, stopped exports. A full third of the total folder of the UK car maker in North America is sold.
“The effect of customs tariffs has an impact on the massive influence in the near -term global sales and production, with the feeling of the United States and North America with the worst impact,” Brenley continued.
Trump is now weighing whether relief will be extended to the auto industry
On Monday, Trump suggested that he is now considering ways to help car makers, but the situation is so liquid that these statements cannot be taken in Brenley’s analysis.
How the management tariff system changed. Trump has already flipped several times, including the original one -month extension granted him car manufacturers in February.
However, the Minister of Commerce Howard Lottenic was determined in the “This week” program on Sunday from ABC that sectoral definitions-unlike the so-called “mutual” cousins-is not intended to extract concessions through negotiated deals.
Instead it is a strategy in nature mainly. This means that it is designed to facilitate the reformulation of production for the main industries rather than simply as a revenue driver to compensate for the generous tax exemptions that Trump planned, includingextensionFrom his signing for the year 2017 tax reduction.
The White House said: “About half of the vehicles sold in the United States are manufactured locally, a decrease that puts our local industrial base and national security at risk,” the White House said.
This story was originally shown on Fortune.com
