Tariffs, Mercedes
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Tariffs on imported vehicles took effect Thursday, a policy that President Trump said would spur investments and jobs in the United States but that analysts say will raise new car prices by thousands...
From The New York Times
The Trump administration has declared an “economic emergency” to bypass Congress and impose a 10% tariff on nearly all countries and territories.
From Newsday
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Mercedes-Benz Group AG is considering withdrawing its least expensive cars from the US because President Donald Trump’s auto tariffs would likely make their sales economically unfeasible, according to people familiar with the matter.
Get on the Hutchinson River Parkway and you'll see a showroom of foreign cars, from Volkswagen to Porsche. Will tariffs make auto costs higher?
Mercedes-Benz denied a report by Bloomberg News on Tuesday which said the carmaker was considering withdrawing its cheapest models in the U.S. ahead of an added 25% tariff to be imposed on auto imports.
Anderson Economic Group released its revised auto tariffs analysis Wednesday, where it detailed how it estimates different car models will be impacted by President Trump's tariffs.
Carmakers are weighing whether and by how much to raise prices, but are reluctant to reveal their plans and risk retribution from President Trump.
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TopSpeed on MSNMercedes Denies Cutting Base Models, May Move Some Cars To U.S.Mercedes-Benz has denied earlier reporting that said they may be considering cutting cars from U.S. customers to avoid tariffs. That reporting suggested that they might cut cars from American buyers that are made abroad, including the GLA, which is assembled in Germany.
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WVTM Channel 13 on MSN'I think everybody's concerned': Mercedes-Benz plant eyeing impacts of imported vehicle tariffsMercedes-Benz told WVTM 13 in a statement that they are eyeing the impact of the tariffs, as the company relies on trade across international markets. They also said that they support free and fair trade that underpins prosperity, growth and innovation.
President Trump's executive order for a 25 percent tariff on all cars and light-duty trucks imported into the U.S. took effect as of Thursday, April 3. While the current administration says it’s going to stick, some industry analysts are skeptical, and speculation is high enough to wonder if Las Vegas bookies are taking bets.