Volkswagen to introduce 'import fee' on tariff-hit cars, WSJ reports

[Zorro]

Source: WSJ via Yahoo Finance

Volkswagen will introduce an "import fee" on vehicles affected by the 25% tariffs imposed by U.S. President Donald Trump, the Wall Street Journal reported on Wednesday.

The German automaker has temporarily halted rail shipments of vehicles from Mexico and will hold at port cars arriving by ship from Europe, the report said, citing a memo to retailers.

Trump's 25% auto tariffs will cover more than $460 billion worth of imports of vehicles and auto parts imports annually, according to a Reuters analysis of tariff codes included in a federal register notice.

Volkswagen told its dealers that it would give more details by mid-April on pricing strategies for tariff-affected cars, and plans to begin allocating those vehicles to stores by the end of the month, the WSJ report said.

Read more: https://finance.yahoo.com/news/volkswagen-introduce-import-fee-tariff-020723154.html

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Trump's minions said Americans don't care about higher prices...but I think this is gonna go over like a lead zeppelin...

[marble falls]

1. Understandable. Thanks, Mango Jebus, soooo much winning. Now the big three can raise their prices ...

... as a world sinks into recession.

[Bernardo de La Paz]

2. "Import fee" is a good idea: make clear to consumers who caused price rises. . . nt

[Deminpenn]

4. Excellent point

nt

[sheshe2]

3. "a lead zeppelin"

Good one!

[Skittles]

5. TRUMP FEE

THAT is what they should fucking call it.

[Bengus81]

6. That's an additional $100,000 on your new Lamborgini

Aw shucks............