A subsidiary of the German automotive giant Volkswagen has developed an emergency action plan to protect its business in the U.S. following the introduction of new American tariffs, reports Welt, citing Volkswagen Group of America.
Volkswagen Group of America is taking prompt steps to ensure uninterrupted supply to the U.S. market while potential adjustments to production and import processes are being considered.
The company has also urged U.S. authorities to reconsider their decision to impose tariffs, highlighting their negative impact on jobs, the economy, and American families. Volkswagen believes that the new tariffs will have a devastating effect on the automotive industry and harm both dealers and their customers.
As of March 5, the U.S. has imposed a 25% tariff on imports from Canada and Mexico, along with an additional 10% tariff on goods from China. Washington justified this measure as part of efforts to combat illegal migration and fentanyl trafficking. U.S. President Donald Trump confirmed that the tariffs have taken effect without exceptions, emphasizing that neither Mexico nor Canada would be able to avoid them.
