US promises tariff relief in talks with Audi on Georgia plant: Reuters
The plan would cut import tariffs for automakers that expand U.S. production and could lower Audi’s rate from 15% to about 10%, sources said.
- On Sunday, President Donald Trump and Audi Chief Executive Gernot Doellner announced plans for a $4 billion assembly plant in Georgia that will produce 200,000 SUVs annually following months of intense negotiations.
- Trump's tariffs on autos, steel, and aluminum cost Audi around $1.4 billion last year as the luxury brand imports all vehicles for the US market from Europe or Mexico.
- US officials plan to offer a broad tariff relief program for automakers making significant US investments, with the Commerce Department expected to agree to around 10% relief after Audi pushed for 7.5%.
- The investment will create approximately 4,500 jobs in Georgia, with construction scheduled to begin next year and production starting in the early 2030s pending Volkswagen's supervisory board approval.
- Details of the tariff relief program could be unveiled in the coming weeks, as the administration aims to encourage domestic production through similar incentives for other announced automaker investments.
21 Articles
21 Articles
Following the controversial appearance of Audi CEO Gernot Döllner and US President Donald Trump, German car manufacturers are hoping for falling tariffs for deliveries to the US. Audi's announcement to build a new plant in the US would fall within the context of negotiations between parent company Volkswagen and the US government, the "Handelsblatt" reported on Thursday, referring to insiders. BMW and Mercedes therefore hope to benefit from a po…
The US collects 15 percent import duty for cars from Europe, and even 25 percent from Mexico. Audi is expected to pay significantly less in the future – in return for the planned new factory construction in Georgia.
US promises tariff relief in talks with Audi on Georgia plant, sources ...
Audi is supposed to pay less customs to the US for imported cars when the car maker builds his own factory there. Insiders report this. Other manufacturers could also benefit.
WSJ: Trump Promised Relief From Tariffs To Audi CEO
Quartz reports: The Trump administration pledged relief from tariffs to automakers willing to commit to building in the U.S. as it negotiated to land a $4 billion Georgia plant for Audi, the Volkswagen luxury brand, according to The Wall Street Journal. Audi executives were assured that the Commerce Department would create a program offering tariff … The post WSJ: Trump Promised Relief From Tariffs To Audi CEO appeared first on Joe.My.God..
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