Duties|For German car manufacturers, the customs decision is tough, although car waste also has factories in the United States. Customs would also mess up the production of car factories in the US. Tesla has already warned the consequences.
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US President Donald Trump ordered 25 % customs duties for foreign import cars and car parts.
The Valmet Automotive factory in Uusikaupunki does not have a major impact, as only a small percentage of its production goes to the US.
For German car manufacturers, the impact is greater, although they also have factories in the United States.
The EU Commission is still aiming for a negotiating decision in the Customs dispute.
Finnish The only car factory is calmly treated by the president Donald Trump for customs declarations. On Wednesday, the US President ordered 25 % customs duties for foreign import cars. This would mean an increase of 22.5 percentage points in customs duties from the current one.
The duties are expected to enter into force on 2 April and apply to all imported cars and trucks. The duties also apply to parts of cars.
Valmet Automotive’s factory in Uusikaupunki has long been manufactured by German Mercedes-Benz car models. Currently, the Mersu A-series and the luxury model AMG GT are being made there.
“We make the A-series for many different markets, but not to the US,” Communications Manager Mikael Mäki tells you.
The target market for AMG production in Finland, which costs € 200,000 in Finland, is the world. According to Mäki, the luxury model is quite small. The company does not explain accurate figures.
“I would say that the effects of customs would be very small on our operations,” he says.
Impact The European car giant in Germany is larger, but the car duties are not felled by German.
CEO of the German-Finnish Chamber of Commerce Jan Fellerin According to car brands, BMW, Mercedes-Benz and Volkswagen have factories in the United States.
According to Feller, German car companies produce over 900,000 cars in the United States a year and employ more than 140,000 employees.
According to Feller, Volkswagen also produces a lot of cars on the US market at the Mexican plant, whose production is concerned. Therefore, Volkswagen will suffer the most of the coming.
In Germany Financialists have estimated the impact of car duties on the German economy. GDP would decrease by 0.18 % in the simulation of IFW of the Language Economic Institute.
According to Feller, in Finland, car manufacturers are first and foremost software that duties are not affected.
“That’s why I would say that the effects on Finland’s exports are virtually non -existent,” he says.
On the other hand, Germany is Finland’s most important export country, so everything that affects the German economy can also affect the Finnish economy.
Automotive Production and value chains are complex. Components and parts often travel across the borders several times before they end up in the finished car body.
The customs decision also applies to parts of cars. Therefore, duties also hit the factories operating in the United States and can significantly increase production costs.
Already at the beginning of March, Tesla warned that the duties would significantly impair the company’s operations. Trump’s assistant Tesla’s main owner Elon Musk said On Wednesday, the impact of customs duties is “significant”.
Valmet Automotive is also a key manufacturer of electric car battery systems in Finland and Germany. According to Mäki, batteries are not exported from these factories to the United States.
Jan Feller He thinks that the customs declaration is not yet the final word, but are still being negotiated.
“The EU Commission is now better prepared than [Trumpin] In the first season, ”he says.
Chairman Ursula von der Leyen So the message service said In xthat the EU is still looking for a negotiating solution.
In the United States, the Declaration of Customs again led to the stock market to the day. Customs and their counter -measures are feared to weaken the US’s own economic growth.
One of the reasons for the Trump administration for those who have come to the United States. Another justification is to build a state fund with customs fees. Indirectly, consumers are ultimately paid by consumers, as duties usually lead to rising prices.
Thus, duties can also be considered a hidden consumption tax.