Donald Trump’s Mexico tariffs would shift plants to Asia, warns car parts maker
Osamu Inoue, president of Sumitomo Electric, which makes parts for Volkswagen, Toyota and Stellantis, among others, said Trump’s threatened 25 per cent tariffs on Mexican goods would do more harm to US suppliers, which account for almost a third of car parts investment in Mexico.
The Volkswagen Group has raised alarms over U.S. President Donald Trump’s proposed tariffs on Mexican imports.
Volkswagen called tariffs "harmful" and detrimental to American consumers, Reuters reported. The company runs one plant in ...
By Divya Chowdhury and Victoria Waldersee DAVOS, Switzerland (Reuters) -Volkswagen needs to increase investments in the U.S.
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VW warns of impact from proposed US tariffs on Mexican importsVolkswagen has expressed concern over the "harmful economic impact" of potential tariffs proposed by US President Donald ...
And it's not as if Volkswagen doesn't have a presence in the U.S. To demonstrate its commitment to American sites, the ...
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