US promises tariff relief in talks with Audi on Georgia plant: Reuters
US officials said a broad tariff relief program could support Audi’s $4 billion Georgia investment and help create about 4,500 jobs.
- 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.
26 Articles
26 Articles
Audi CEO Döllner thanks Trump for the new US plant. The indignation is too brief: Why Georgia is more profitable for Audi than the location Germany.
Donald Trump wants to strengthen the US industry and encourage foreign companies to invest. Automaker Audi could now benefit from such an agreement – with possible consequences for the entire industry.
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.
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