Imported cars are congested at US ports due to new tax policy

Video: New US import tariffs put pressure on auto exports.

According to Carscoops, although President Donald Trump has announced a 90-day suspension of reciprocal tariffs with many countries, the 25% import tax specifically for cars and auto parts is still applied.

This decision is creating a wave of concern in the global auto industry, especially among automakers with export operations to the US.

President Donald Trump has announced a 90-day suspension of reciprocal tariffs with many countries, while the 25% import tax specifically for cars and auto parts remains in place.

According to Carscoops, in the context of the US government's tariff policy that can change suddenly and unpredictably, many car companies have chosen a "wait and see" strategy. They have temporarily stopped or significantly reduced car imports into the US to avoid unnecessary taxes.

This has led to thousands of new cars imported from other countries being held up at ports across the U.S. Some companies have even stopped importing cars to the U.S. altogether, not wanting to pay any unnecessary tariffs.

Thousands of new cars imported from countries around the world are stuck at many ports across the US.

Brands like Aston Martin, Audi and Jaguar Land Rover have decided to completely halt shipments to the US, hoping that current inventories will be enough to meet short-term demand while waiting for a clearer, longer-term solution from the US government.

To avoid the tax burden, many car manufacturers have chosen to transfer imported vehicles to affiliated warehouses - where they are allowed to store vehicles without having to pay taxes immediately. However, the uncertainty surrounding the tax terms remains a major concern.

The new policy stipulates that a 25% tariff will be applied to spare parts from May 3, but does not specify a specific definition.

Another contentious issue is the definition of “auto parts.” The new policy stipulates that a 25% tax will be applied to parts starting May 3, but does not specify a specific definition. “Are parts the entire engine block, or individual screws inside?” a senior German carmaker employee asked in confusion.

Carscoops warns that the ambiguity in the tax policy could make it difficult for American consumers to get their cars repaired due to parts shortages. Service centers risk being unable to accept repairs due to a lack of replacement parts, which could lead to serious disruptions to the aftermarket supply chain in the auto industry.

Source: https://khoahocdoisong.vn/oto-nhap-khau-un-u-ngap-cang-my-vi-chinh-sach-thue-moi-post268213.html