Hit the EU, the US will impose an additional 25% tariff on heavy trucks
Trump announced that he would impose a 25% tariff on all imported heavy trucks, this time targeting Europe, in other words, targeting the three brothers of Scania, Volvo, and MAN under Volkswagen Group of Germany.
Especially, Volvo occupies the fourth, fifth, sixth (Volvo subsidiary), and seventh positions in the U.S. heavy truck sales, which is a subsidiary of Mercedes-Benz. With the addition of a 25% tariff, if it is combined with an additional 15% automobile import tariff, the sales of these brands will basically crash next quarter. If not combined, for the transportation industry, which is highly sensitive to cost, it will also be significantly affected.
The most critical point is that these American-style heavy trucks, due to regulatory issues, especially the long-nose design, cannot be resold to China or Europe, and can only be left to rust. Now it's up to whether Volkswagen can persuade the German government to negotiate with the United States, otherwise Volkswagen will have to lay off workers.
Original: www.toutiao.com/article/1844292178972679/
Statement: This article represents the personal views of the author.