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Volkswagen's Audi holding cars in U.S. ports due to autos tariff
Reuters -
07/04
Volkswagen's Audi is holding its cars which arrived after April 2, when Donald Trump announced a 25% tariff on autos imports, in U.S. ports, it said on Monday, as companies scramble to work out how they will be affected by the duties.
Summary
Companies
Audi holding cars arrived after April 2 in ports - spokesperson
Has around 37,000 cars in U.S. inventory - spokesperson
Carmakers weighing how to respond to tariffs
Autos executives to meet with EU's von der Leyen
BERLIN, April 7 (Reuters) - Volkswagen's Audi is holding its cars which arrived after April 2, when Donald Trump announced a 25% tariff on autos imports, in U.S. ports, it said on Monday, as companies scramble to work out how they will be affected by the duties.
The Volkswagen brand has around 37,000 vehicles, sufficient for approximately two months of sales, in its U.S. inventory, the spokesperson added.
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Audi is directly in the firing line of Trump's tariffs, with its best-selling U.S. model, the Q5, produced in Mexico, and its remaining models all coming from Europe or elsewhere... [Short citation of 8% of the original article]
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