Tariff Quote Watch: Volkswagen’s Worse-Case Scenario Hinges on Trade Talks Outcome — Panjiva
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Tariff Quote Watch: Volkswagen’s Worse-Case Scenario Hinges on Trade Talks Outcome

Cons. Discr. - Autos 661 European Union 406 Germany 162 Tariff Quote Watch 91 Tariffs 1169 U.S. 3297

Volkswagen could face significant cost increases as a result of planned U.S. section 232 duties against the automotive industry. CEO Herbert Diess has stated in an interview with the Financial Times that the impact could be 2.5 billion euros ($2.83 billion) “in a worst-case scenario” and the relations between the EU and U.S. “are becoming tense again” despite the prospect of free trade deal discussions. While VW has five factories in North America and despite its regional supply chain being protected by the U.S.-Mexico-Canada Agreement (USMCA) it still has signifi...

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