Tag Archives: Tariffs

Navigating Peaks and Valleys: The OESA’s Industry Outlook Panel

sales
The Original Equipment Suppliers Association (OESA) celebrated its 20th Annual Conference this week in suburban Detroit under the theme: “Transom Innovate Lead.” And while this year’s discussion that occurred the day after Election Day was dominated by trade and tariff concerns as well as discussions of talent strategies, leadership and technology, the afternoon session included … Continue reading this entry

New Section 301 Tariffs Target Numerous Automotive-Sector Imports: Coping Strategies and Prospects for Product-Specific Relief

supply chain
Introduction The automotive sector is getting a quick primer on the various ways in which the international trade laws can target automotive imports. In addition to the announcement of a potential Section 232 tariffs or other trade measures on imported automobiles and automotive parts (an investigation that is still ongoing), the Trump Administration now has … Continue reading this entry

Automotive Industry Fights Section 232 Tariffs

labor and employment
It is difficult to find anyone affiliated with the automotive industry in the United States, Europe, Asia or anywhere else who is in favor of tariffs on automobiles, automobile parts, automobile raw materials or anything else that goes into making a car or truck or other vehicle.  The industry seems to be in rare consensus … Continue reading this entry

Automakers Celebrate Strong June Sales as Industry Prepares for Potential Impact of Tariffs

tax credit
Automakers reported strong June sales in the United States.  Riding a wave of truck sales and new crossovers, GM posted a 4.6% increase for the second quarter and increased its market share to 16.6%.  Ford increased total sales in June by 1.2% over June 2017, and increased SUV and truck sales by 8.9% and 3.2%, … Continue reading this entry

Tariffs Wreak Havoc with The Auto Industry

tariffs
Trade issues have been concerning the automotive industry for some time.  Whether it be NAFTA renegotiations (or NAFTA scrapping), Section 232 Tariffs, Exceptions to Section 232 Tariffs, ever since the current administration was elected, the Dashboard has been predicting that trade issues could upend the automotive industry.  That day appears to have come as the … Continue reading this entry

China to Relax Joint Venture Requirements for Manufacturing

vehicle manufacturing
On Tuesday, Chinese President Xi Jinping announced a planned rollback of the manufacturing foreign ownership limits first set forth in the 1990s, which require that manufacturing operations in China be at least 50% Chinese owned.  Specifically, China will begin by eliminating this ownership requirement for electric vehicle production and gradually roll back the requirements for … Continue reading this entry

New Exclusions Process Gives Automotive Companies the Possibility of Exemption from Section 232 Steel and Aluminum Tariffs

tariffs
On March 23rd, automotive companies that rely on imported steel and aluminum were confronted with new special tariffs of 25 percent on all imports of steel and tariffs of ten percent on all imports of aluminum, with temporary exclusions for Argentina, Australia, Brazil, Canada, Mexico, the member countries of the European Union, and South Korea. … Continue reading this entry

New Exclusions Process Opens Up Potential Relief from Section 232 Tariffs for Users of Specialty Steel and Aluminum Products or Companies that Serve National Security Needs

On March 23, steel and aluminum users were confronted with new special tariffs of 25 percent on all imports of steel and tariffs of ten percent on all imports of aluminum, with temporary exclusions for Argentina, Australia, Brazil, Canada, Mexico, the member countries of the European Union, and South Korea.1 These measures created a great … Continue reading this entry

The Automotive Sector Faces Sharply Increased Duties, Pricing Uncertainty Following Announcement of Section 232 Tariffs on Steel and Aluminum

On March 1st, the automotive sectors that consume steel and aluminum were confronted with a potentially large tariff rate increase. The section 232 measures are intended to raise the prices of all steel products – whether imported or domestic – and thus will have an impact on any major purchaser of steel, which includes most … Continue reading this entry

Agreement Toward Eliminating Tariffs of High-Tech Products to Take Effect July 2016

The European Parliament became the most recent body to ratify an expansion of the expanded World Trade Organization (WTO) Information Technology Agreement (ITA). The deal had previously been committed to and signed by the EU, but as of June 8, 2016, it has the European Parliament’s legislative backing. The original iteration of the ITA was … Continue reading this entry

U.S. and Japan Continue Talks on Auto Tariffs

Once again, the United States and Japan failed to reach an agreement on auto tariffs. Tariffs on automobiles are one of the remaining key issues that lie between the two countries in relation to the proposed Trans-Pacific Partnership (TPP). On April 9th and 10th, U.S. Trade Representative Michael Froman and Japanese Economic and Fiscal Policy … Continue reading this entry

U.S. to Cut Automotive Tariffs as Japan Enters TPP Talks

On April 24, 2013, Acting U.S. Trade Representative (“USTR”) Demetrios Marantis formally notified Congress that the United States plans to include Japan in Trans-Pacific Partnership(“TTP”) negotiations. Coming just three days after the TTP parties accepted Japan’s entry bid, and less than a month since Japanese Prime Minister Shinzo Abe’s announcement that Japan would apply to … Continue reading this entry

Japan’s Entry Into Free Trade Talks Presents Challenges for the Automotive Sector

Japanese Prime Minister Shinzo Abe’s announcement that Japan will join talks on the Trans-Pacific Pacific Partnership (“TPP”) presents potential challenges for the U.S. automotive sector. Together with Canada and Mexico’s entry in October 2012, the decision could transform the TPP into a major trade pact spanning some of the largest economies on the Pacific Rim. The outcomes … Continue reading this entry