Trump’s about-turn on car component tariffs fuels uncertainty
Quite how a new US tariff regime with its raft of compromises will work remains to be seen
02 May 2025 - 05:00
SA automotive components companies are trying to assess the impact of US President Donald Trump’s latest about-turn on import tariffs.
A 25% duty on all imported components was due to come into effect on May 3. The same duty on imported vehicles was imposed in early April. However, US vehicle manufacturers argued that they could not find local suppliers of imported components at short notice. The loss of imports would force them to slow production, lay off workers and sharply raise retail prices...
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