Mexican Media Brands
U.S. Denies GM Tariff Waiver on Buicks from China
General Motors Co. has been denied an exemption from the Trump administration’s 25% import tariff on Buick Envision small crossover vehicles imported from China.
#economics
Share
General Motors Co. has been denied an exemption from the Trump administration’s 25% import tariff on Buick Envision small crossover vehicles imported from China.
GM builds about 200,000 Envision SUVs through its SAIC-GM venture in Shanghai. Most of those units are sold in China.
U.S. sales of the model peaked at 41,000 units in 2017. But demand plunged to 30,200 vehicles last year and fell another 20% in the first quarter of 2019.
GM has said volumes are too low to justify U.S. production for the Envision. The company has been paying the 25% tariff since it took effect last July. By then GM had stockpiled a six-month supply of the cars under the previous 2.5% import tariff.
RELATED CONTENT
-
On Headlights, Tesla's Autopilot, VW's Electric Activities and More
Seeing better when driving at night, understanding the limits of “Autopilot,” Volkswagen’s electric activities, and more.
-
Ford’s $42 Billion Cash Cow
F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.
-
On The German Auto Industry
A look at several things that are going on in the German auto industry—from new vehicles to stamping to building electric vehicles.