May 3rd, reported by Reference News Website, according to the Yomiuri Shimbun website of Japan on May 3rd, the Trump administration of the United States officially launched the measures to impose a 25% tariff on imported automotive parts at 00:01 local time (12:01 Beijing Time) on the 3rd. The tariff imposed on imported cars has already taken effect in April.
The move aims to encourage manufacturing companies to relocate production bases from overseas back to the United States, but it may cause supply chain chaos and rising manufacturing costs.
It is reported that the tax targets include automotive parts such as engines, transmissions, drive units, etc.
According to Kyodo News, automotive parts are one of the important categories of Japanese exports to the United States, which will hit Japanese companies. However, the US government, considering that most of the components for automobile manufacturers are manufactured overseas, has set a two-year tax exemption period for automobiles produced in the United States.
In addition, on April 29th, US President Trump signed a statement allowing certain compensation for automotive producers importing automotive parts and assembling vehicles in the United States. This latest measure shows that the opposition to the government's tariff policy continues to grow among all sectors of American society, putting increasing pressure on the White House. (Translated by Ma Xiaoyun)
Original article: https://www.toutiao.com/article/7500214191329673755/
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