US tariffs to cover over US$460bn in imported cars, parts
The US’ newly-implemented 25% automotive tariffs will cover more than US$460bn worth of vehicles and components imported annually, according to a new analysis of tariff codes by Reuters. According to a federal register notice reviewed by the outlet, almost 150 automotive parts categories will face tariffs from 3 May, one month after duties on cars go into effect.
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Originally posted on: https://www.automotiveworld.com/news/us-tariffs-to-cover-over-us460bn-in-imported-cars-parts/