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The upcoming announcement of the Trump administration car tax is expected to have a great impact on the US car market this year.

2024-09-17 Update From: AutoBeta autobeta NAV: AutoBeta > News >

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AutoBeta(AutoBeta.net)02/10 Report--

One week before the Trump administration announced the car tax, it is understood that the US Department of Commerce will submit the investigation report of "232 investigation" on imported cars and related parts to US President Trump on the 17th of this month.

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In the face of Trump's adjustment of automobile tax, countries represented by the German government and the Japanese government expressed concessions to the measures of the U.S. government, hoping that their countries could avoid the risk of automobile tax adjustment and ensure the profits of their automobile manufacturers. The EU, on the other hand, said that if the US government took relevant measures, the EU would increase tariffs on US dollar goods worth 20 billion euros and retaliate. However, the EU is composed of 28 member states, among which Germany has already had a tendency to "beg for mercy" from the US government, and the interests involved in each country are different. It is expected that it will be difficult for the EU to take a tough counterattack against the US adjustment of automobile taxes. According to the three automobile tax adjustment schemes speculated by foreign media, the first is a tariff of 10%, a tariff of 25%, and targeted tariffs on certain parts or vehicles; the second is a tax rate of 10%; and the third is a custom tax, which is limited to certain vehicles and their components. Judging from the latest developments in the United States government, the first option is likely to be cancelled without the full support of the United States economic department; the second option is most likely to be adopted by the United States government because the current 2.5% tax rate on imported cars in the United States is most likely to be passed by the United States economic department and Congress. According to statistics from the U.S. Department of Commerce, 8.3 million vehicles were imported into the United States in 2017, of which 4.2 million came from the North American Trade Agreement (NAFTA) region. 1.7 million from Japan, 500,000 from Germany and fewer than tens of thousands from France. According to the data for 2017, the US government's adjustment of automobile tax has a great impact on Germany and Japan, which is also the main reason why Germany and Japan have indicated to the US government to avoid this move. Recently, according to January sales of U.S. cars, sales of all models in the United States in January 2019 were 1132911, an overall decline of 1.9%. Among them, passenger car sales were 361908, down 4.8% year-on-year; light truck sales were 771003, down 0.5% year-on-year. If the U.S. government insists on raising tariffs, it will undoubtedly have a greater impact on the U.S. auto market and the global auto market. Welcome to subscribe to Weixin Official Accounts "Auto Industry Attention," the first time inside information of the auto industry, talk about those things in the auto circle together. Welcome to the news! microsignal autoWechat

Welcome to subscribe to the WeChat public account "Automotive Industry Focus" to get the first-hand insider information on the automotive industry and talk about things in the automotive circle. Welcome to break the news! WeChat ID autoWechat

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