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 Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data
-
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.
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.