The US Department of Commerce investigation into the threat of automotive imports to US national security under Section 232 of the Trade Expansion Act of 1962, as amended, started in May 2018. Currently, the Trump Administration is considering a 25% tariff on vehicles and auto parts from all foreign countries of origin. Additional Section 301 tariffs against China have been announced, and the outcomes of US and Mexican bilateral trade negotiations remain unclear. For insight into these recent trade actions, including the potential impact on the automotive industry and practical advice for manufacturers, please read this Summary of Recent US Trade Actions and the Potential Impact on the Automotive Industry.
A live webinar on the same topic, presented by our colleagues Cipriano Baredo III, Frank Samolis and Stacy Swanson, is scheduled for 10:00 am EST, September 28, 2018. For more information, and to register, please click here. We hope you can join us.