Sales of imported cars also fell 22 percent in first half of 2018.
Despite opposition from GOP leaders and business advisors.
Prices would probably increase, too.
Trade situation is shifting quickly
They're building a new $1.6 billion joint assembly plant in Alabama .
Mexico accounts for a fifth of North American auto production.
The 25-year import law stinks. But as we flip our calendars to 2016, the class of 1991 is now eligible. Here are 17 not-for-US cars we're dying to bring over.
The US sold 836 million gallons worth $2.1 billion of ethanol abroad, and Canada was the largest importer.
The Iron Curtain may be lowering on Russia again, at least when it comes to the country's auto industry. The government there is reportedly considering a ban on imported cars as a response if the West puts more sanctions in place. However, even if the restrictions materialize, domestically built vehicles from foreign automakers would likely still receive an exemption.
A change in Iranian trade law could help promote the sale of hybrid and electric vehicles. EVs and hybrids with engines 2.5-liters or smaller are no longer subject to import tariffs, reports the Tehran Times. Iran intends to completely eliminate car import tariffs within two years, according to Iranian Member of Parliament Ali Alilou, who has also urged the government to stop pumping money into the auto industry.
Over the last decade or so, many foreign automakers have challenged the idea of what defines an "American car," but Honda took things a step further last year by exporting more cars out of the US than it imported in. Reuters is reporting that in 2013, a total of 108,705 Honda and Acura models were exported from the US with only 88,357 being shipped in. This gives Honda a net exporter status here, and makes it the first of such among the major Japanese automakers.
Even before the 2015 Nissan GT-R and GT-R Nismo arrive to rewrite the handbook on Nissan's halo car, here we have the first 1989 R32 GT-R - the 276-horsepower coupe that started it all - to be officially and legally imported under the 25-year exemption. We don't have any information on it beyond the fact that it's here and it's legal, since the blog post at GTRUSAblog.com didn't want to swamp its new owner with questions and friend requests.
The trade dispute affecting the Chinese and US auto industries may be cooling off, as the Asian country has announced an end to controversial duties levied on some American-made vehicles. According to Reuters, this was largely in retaliation to US import tariffs on Chinese-made tires in 2009.
GreenTech Automotive may have lost its founder, but it has renewed an integral growth strategy – partnerships with Chinese automakers.
Trade issues between the United States and Japan, especially in the automotive sector, have struck a repetitive note for decades: our market is open to them, their market is effectively closed to us. Even though Japan doesn't apply tariffs to cars we export there – whereas we tax Japanese passenger cars 2.5 percent and Japanese light trucks 25 percent – other barriers like Japan's 2,000-unit cap in the Preferential Handling Program and regulatory hurdles have limited the amount of ef
France has been vocal, but not alone, in noting the rise of the South Korean automakers in Europe. The signing of a free-trade pact in 2011 between South Korea and the EU, along with the especially value-conscious buyers in a crisis-stricken Europe, has seen market share increases measuring in the double digits for Hyundai and Kia – analysts expect 14-percent growth for the two in 2012.