The US will tax imports of foreign cars
- As announced during his presidential campaign, President Donald Trump will tax 15% to 25% of vehicle imports in the US, targeting mainly German cars.
- In 2017, the US imported 8.3 million vehicles (while they exported 2,3 million): 2.4 million came from Mexico, 1.8 million from Canada, 1.7 million from Japan 0.9 million from South Korea and 0.6 million from Germany.
- In terms of evolution, it is clearly Mexico and Korea which, since 2010, have seen their exports to the USA progress the most (+ 100% for Mexico and + 85% for Korea). German and Japanese manufacturers, on the other hand, experienced much weaker import growth, due to the increase in their production on US soil. Volkswagen, Mercedes and BMW manufactured 857,000 vehicles in the US in 2017, compared with 282,000 in 2010.
- The largest US export markets for 2017 are Canada (912,000 vehicles), China (267,000 vehicles), Mexico (160,000 vehicles) and Japan (100,000 vehicles).
- The bilateral deficit is therefore mainly caused by Mexico (2.24 million vehicles), Japan (1.6 million), Canada (0.9 million) and Korea (0.8 million), much more than Germany (0.54 million). The objective is therefore to achieve media rather than economic impact, even if the sales prices of the imported German vehicles are higher than those from other countries.
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