2024. Lincoln naulilus
Ford
Detroit – President Donald TrumpMovement on inserting 10% additional imports on imports from China this week affects a small number of American vehicles. But these tariffs also affect the car parts, which could increase the already increased price of the vehicle for consumers.
The United States has introduced about $ 15.4 billion to more than $ 17.5 billion in recent years to be $ 17.5 billion from China, including 9 billion up to 10 billion in car parts and accessories for vehicles and tractors, among other special dedicated vehicles, states, states American Commission for International Trade.
The greatest impact on the actual vehicles will be on Ford Motor’s Lincoln naulis i General Motors’ Buick Envision. These crossover made up 83,884, or 95%, out of 88,515 vehicles produced in China sold in the US last year.
“Mostly GM and Ford really hit the volume standpoint,” said Jeff Schuster, Vice President of Automotive Research Globaldata. “Our homemade guys are the ones who take it, at least from full vehicles … But this can be dimmed to some extent.”
Employees work at BUICK ENVISION SUV at the General Motors Assembly, officially known as Saic-Gm Dong Yue Motors Co., Ltd., November 17, 2022. In Yantaiu, Cinema SHandong Province.
Tang ke | Visual China Group | Getty Images
Other car manufacturers like VOLVO, owned by Chinese Geely and his electric vehicle PolestarImports of far fewer vehicles in the United States have also changed production plans to reduce the number of vehicles imported from China. This is especially true of EV, given the biden administration 100% tariff last year on such models from China.
Ford and GM spokesperson refused to comment on potential changes in the production or prices of their vehicles from China. Volvo and Polestar did not answer.
Chinese consumers’ vehicles represented only 0.6% of approximately 16 million new vehicles sold last year in the US, according to Globaldata. This is about the same as imports from the United Kingdom, Sweden and Slovakia.
Tariffs in Canada or Mexico – for which the Globaldata report consisted of 23.4% of US sales last year – would have a far greater impact on the US car market.
“Although the import of vehicles is minimal from China, the import of car parts is about ~ $ 15-20 per year per US international trade committee, and China is a key part of the battery/storage chain (especially LFP batteries used in the utility energy scale of energy energy storage. ), “Analyst Goldman Sachs Mark Delaney said on Sunday in an investment note.
It is unclear how many influential tariffs could have on batteries or raw materials for EV -Ow Adoption more slowly than expected.
But many electrified vehicles in the US contain a notable amount of components from China, according to data from National Road Traffic Safety Administration. Include Genesis G80 EV (25%); Hyundai Kon EV (50%) and Hyundai ioniq 5 n (30%;); Kia EV9 (35%) and Niro Electric (25%); Nissan Ariya EV (40%); Toyota BZ4X EV (20%) and RAV4 PHEV (20%); and Volkswagen ID Buzz EV (25%).
Mike Jackson, Executive Director of Strategy and Research for Mema suppliers of original equipment, He said that the Auto Association was “worried” around the tariff in general. He said that, although 10% additional tariff on China is not as influential as in North America, it increases costs.
“It’s a challenge. It represents a higher cost, and that cost will have to be born,” Jackson told CNBC on Marseus Federal Spare Bank on Wednesday Auto Conference in Detroit. “It is clear that China continues to contribute to very valuable content. They optimized for electronics and a wide range of aspects.”
Whether car manufacturers decide to pass the costs to consumers, change the source or take other actions to see.
Consumers’ transfer can be problematic for sale. New vehicles are left historically elevated to around $ 50,000, according to Cox Automotive.
“There is no certain item coming from China, which is under this tariff that says,” Oh, no, this is a thing that will mess up “… but they will increase the costs,” said Stephanie Brinley, the main car analyst from S&P Global mobility. “It is played in a broader problem, which is a broader problem with prices.”
Brinley said such increase in price could affect new sales of American vehicles, which is S&P Global Mobility before any tariff It was predicted that there would be 16.2 million vehicles.
