New US tariffs a headache for foreign automakers

New US tariffs a headache for foreign automakers

6 years ago
Anonymous $CLwNLde341

https://phys.org/news/2018-05-tariffs-headache-foreign-automakers.html

These automakers have invested billions of dollars in their US facilities. Toyota and Mazda announced at the start of the year plans to build a $1.6 billion joint facility in Alabama that will be capable of producing 300,000 vehicles a year.

Volvo Cars, which plans to open a plant in South Carolina by the end of the year, has warned that new import duties would affect its investment plans.